DJT stock sinks by double digits to reverse gains after Trump election win

Published On Nov 7, 2024, 9:37 AM

Trump Media & Technology Group's stock, DJT, has seen a significant decline of around 15% after initially surging following Donald Trump's victory in the presidential election. The stock has been on a volatile journey this week, with a general trend of seeing gains on election speculation but now reversing those gains. In addition to stock movements, the company's financial health is a concern, with a net loss reported for the last quarter and declining revenues year-over-year. Furthermore, DJT's recent performance is characterized by heavy speculation, leading to unpredictable stock movements akin to meme stocks.

Read full article

Stock Forecasts

DJTView DJT chart on TradingView

Negative

Given the rapid and volatile movement of DJT stock tied to political events, along with underlying financial instability, there is increased skepticism regarding future performance. The recent sharp drop could indicate that traders are re-evaluating the stock's value post-election vs. pre-election speculation.

Related News

Stock market today: Dow, S&P 500, Nasdaq edge higher with Trump election win, Fed in focus

Nov 7, 2024, 9:33 AM

Investors are drilling down into the impact of Trump's expected policies as they wait for a Fed interest-rate decision.

SPY
NVDA
DJT

DJT stock jumps after Trump clinches election win

Nov 6, 2024, 4:22 PM

It's set to be another volatile trading session for Trump Media & Technology Group (DJT), the home of Republican nominee Donald Trump's social media platform Truth Social.

DJT

Trump trade sparks stock rally ranging from banks to crypto to DJT

Nov 6, 2024, 4:07 PM

DJT, bitcoin, and other trades that had moved with Donald Trump's betting odds to win the 2024 presidential election soared on Wednesday.

XLF
DJT
MSTR