DJT stock jumps in after-hours trading as early election results roll in

Published On Nov 5, 2024, 7:59 PM

Trump Media & Technology Group stock (DJT) surged by 25% in after-hours trading as early election results were announced, favoring Donald Trump in states like Kentucky and Indiana. However, the stock fluctuated significantly, with its gains retracting to around 10%. The volatility is attributed to the uncertainty surrounding the presidential election results between Trump and Kamala Harris. Analysts predict continued volatility in DJT stocks, with potential for sharp declines should Trump lose the election, leading to speculation about the stock heading to zero. The stock's performance is heavily influenced by election outcomes, making it a high-risk investment at this time.

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Stock Forecasts

DJTView DJT chart on TradingView

Positive

DJT's stock is likely to experience extreme volatility in the coming days as election results continue to roll in and the market reacts. The current rally reflects speculative trading based on election outcomes rather than solid fundamental performance, as the company is still reporting losses. If Trump maintains his lead, there may be continued price action upwards, but a loss could lead to a crash in stock value, making it a 'binary bet'.

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