DJT stock erases recent gains in volatile trading day as Trump, Harris election nears

Published On Oct 30, 2024, 12:07 PM

Trump Media & Technology Group's stock (DJT) experienced significant volatility as it erased its recent gains, dipping nearly 20% in a single trading day. This decline follows a prior surge that saw the stock rise about 200% from its September lows, driven by sentiment surrounding the upcoming U.S. presidential election between Donald Trump and Kamala Harris. Market analysts suggest that the stock is highly influenced by election outcomes, with predictions that a Trump loss could lead the stock price to drop to zero. Current trading behavior indicates speculative trading similar to meme stocks, as betting markets favor a Trump victory, even amidst a close race in key states.

Read full article

Stock Forecasts

DJTView DJT chart on TradingView

Negative

The stock's trajectory appears highly speculative and closely tied to the electoral outcome, suggesting strong potential for volatility in the immediate future. If Trump secures the election, the stock may see a short-term rally, but this is offset by significant downside risk if he loses.

Related News

Trump traders could be courting some big losses

Oct 29, 2024, 4:07 PM

Traders gambling on a Trump victory in the presidential election may be overestimating the odds he will win.

DJT

Stock market today: Nasdaq heads for record close as investors await Alphabet earnings

Oct 29, 2024, 3:00 PM

Investors absorbed a fresh rush of earnings and waited for Alphabet to lead in the week's Big Tech results.

AVGO
DHI
F
DJT
SPOT

DJT stock extends surge in volatile trading as Trump, Harris election nears

Oct 29, 2024, 11:32 AM

Trump Media & Technology Group stock extended its five-week rally on Tuesday as investors bet on the former president winning the US election.

DJT