The stock market is off to a great start under the new administration but President Trump's own social media company isn't joining in the rally.
President Donald Trump's social-media stock is dropping in his first hours back in office.
Trump Media & Technology Group is well known for trading on news about the president, as opposed to fundamental metrics.
DJT stock falls back 10% even as Trump Coin rises
The Trump Media & Technology Group (DJT) stock price has done well following the November election in the United States. DJT bottomed at $26.60 on November 14 and has jumped to $40, a 50% increase.
One night in late October, Whitney Patterson spotted a YouTube video about people buying shares in Trump Media & Technology Group , the U.S. president-elect's social media and streaming company.
President-elect Trump shared his vision for relaunching TikTok in the U.S. during a rally Sunday despite national security concerns related to the app's Chinese ownership.
Friday will be the final trading session before President-elect Donald Trump's inauguration.
Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social, has already experienced notable price swings this year, reflecting its historical volatility and the broader sentiment surrounding its political associations.
With President-elect Donald Trump set to be sworn next week, shares in Trump Media & Technology Group Corp. (Nasdaq: DJT), which owns his Truth Social social media network, started trading this week with a bang. However, this morning DJT shares are sinking once again.
Trump Media (DJT -8.30%) stock saw substantial sell-offs in Tuesday's trading. The company's share price closed out the daily session down 7.5% and had been down as much as 11% earlier in the day's trading.
Trump Media & Technology Group (NASDAQ: DJT), the parent company of social media platform Truth Social, saw a lot of volatility in 2024. DJT stock would rally to incredible highs, only to see those gains erased just as quickly — and this happened multiple times over the course of the last year.