DJT stock extends double-digit plunge after worst day yet for Donald Trump's company

Published On Oct 31, 2024, 11:29 AM

Trump Media & Technology Group's stock (DJT) has seen a significant drop, extending its losses after a sharp decline earlier in the week. The stock reversed some recent gains, falling as much as 22% in one day. Investors are concerned about the company's reliance on Donald Trump's presidential election outcome, with bets on a dramatic price shift depending on the election result. Analysts warn the stock's future is very uncertain—if Trump loses, the stock may go to zero; if he wins, the price might still decline due to profit-taking.

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Stock Forecasts

DJTView DJT chart on TradingView

Negative

Given the high volatility and reliance on the upcoming election results, the stock is likely to remain under pressure. As Trump's candidacy faces scrutiny and if he loses, the stock could sharply decline.

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