One of the most volatile stocks of 2024 is undoubtedly Trump Media & Technology Group Corp. (Nasdaq: DJT). The president-elect's media company, whose primary product is Donald Trump's Truth Social social media platform, has been on an absolutely wild and unpredictable ride since it debuted on the stock market in March.
President-elect Donald Trump has not posted on Truth Social, the platform operated by his social media company Trump Media, since before he won the 2024 election. He has also not posted on Elon Musk's X, Mark Zuckerberg's Facebook and Instagram, or TikTok since defeating Vice President Kamala Harris.
Donald Trump won the 2024 presidential election. So why is Trump Media stock sinking?
Trump Media and Technologies Group saw its shares surge by nearly 200% since late September.
Shares in President-elect Donald Trump's media company are set to give back the gains triggered by his election victory.
The Truth Social parent's shares had traded as a proxy for bets on a Trump victory. Now he's won, what's next?
Trump Media & Technology Group Corp. stock rallied on Donald Trump winning the While House again, but the business fundamentals remain weak with no meaningful improvements. The media company reported weak Q3 '24 results with minimal revenues. The company lacks a clear business plan and unique offerings, with Truth Social and Truth+ failing to differentiate from existing platforms.
Donald Trump has been announced as the winner of the 2024 presidential election, and Trump Media stock is surging.
Small-caps, crypto stocks, and financials appear to be leading the charge amid a second Trump administration.
It is no surprise that Trump Media & Technology Group (NASDAQ:DJT) is up 6% in noontime trading following Donald Trump's spectacular election victory.
‘Sell at former peaks' is an old Wall Street expression. This refers to how when a stock reaches a price level that had previously been a peak, it tends to hit resistance.
Donald Trump's election victory sent shares in Trump Media & Technology Group soaring on Wednesday, a market shift that added nearly $300 million to Trump's fortune as he secured his second presidency.