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.
The Trumpiest part of the "Trump Trade" was back on today.
A.I. and social media make up some of the most unusual options trades that Tom White noticed during the day. He highlights some of those trades in Trump Media & Technology (DJT), Nvidia (NVDA) and Palantir (PLTR).
Shares of Trump Media jumped more than 14% in midday trading on Monday, ahead of President-elect Donald Trump's inauguration on Monday, Jan. 20. The stock is now on pace for its best day since Nov. 18, when shares surged 16.65% following news that the company was in talks to buy cryptocurrency trading firm Bakkt.