DJT stock halted for volatility as stock pares double-digit gains on Election Day

Published On Nov 5, 2024, 2:59 PM

DJT stock, associated with Trump Media & Technology Group, was halted due to significant volatility as it experienced a reversal from previous gains on Election Day. After initially rising by 15%, the stock pared those gains, mirroring broader market concerns regarding the presidential election results. Analysts predict that the stock may undergo extreme volatility depending on election outcomes, with potential drastic declines if Trump loses. The company's fundamentals are weak, having reported revenue drops and net losses in recent quarters, and some experts suggest the stock could plunge to zero in the event of a loss for Trump.

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Stock Forecasts

DJTView DJT chart on TradingView

Negative

The stock's performance is highly dependent on the outcome of the election, where it is seen as a binary bet. Current trading suggests volatility may persist, and if Trump wins, there could be a temporary rise in share prices, but expect a significant drop thereafter due to profit-taking. Conversely, if Trump loses, significant sell-off pressure could drive the stock down sharply, potentially to zero given current speculation and financials.

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