DJT stock slumps 20% over last 5 days to cap volatile week ahead of Harris, Trump election

Published On Nov 1, 2024, 1:47 PM

The stock of Trump Media & Technology Group (DJT) has fallen over 20% in the last week amidst volatility linked to the upcoming presidential election featuring Donald Trump and Kamala Harris. The stock experienced significant fluctuations, including a large decline after an initial surge earlier in the week. Analysts believe the stock is highly sensitive to the election outcome, with predictions suggesting it could plummet to zero if Trump loses. The company's fundamentals have also been questioned, reporting substantial losses and a small revenue drop recently.

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Stock Forecasts

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Negative

Given the current political climate and the binary nature of the upcoming election from a market perspective, DJT stock is likely to remain highly volatile. If Trump wins, there could be a short-term rebound, but if he loses, a drastic decline in stock price is anticipated, potentially approaching zero.

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