Zinger Key Points
- Several factors likely contributed to the dramatic loss, including increased market volatility due to uncertainty surrounding tariffs.
- Trump Media will likely release its fourth-quarter results sometime in March.
- Find out which stock just claimed the top spot in the new Benzinga Rankings. Updated daily— discover the market’s highest-rated stocks now.
Trump Media & Technology Group Corp. DJT shares have now shed half of their value since the day President Donald Trump returned to the White House.
What To Know: Before the election, Trump Media's stock behaved as a sentiment indicator toward the president with shares racing higher following the failed assassination attempt and former President Joe Biden's exit from the 2024 race. Trump Media & Technology Group shares reached an all-time high of $79.38 in March 2024.
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The stock has fallen rapidly after Trump returned to the White House to begin his second term. On Jan. 17, 2025, the last trading day before Trump’s inauguration, the stock closed at $40.03. It ended Tuesday's session at $19.50, marking a more than 50% decline.
Several factors likely contributed to the dramatic loss, including increased market volatility in the face of uncertainty surrounding tariffs, government efficiency and other policy changes.
The company, which is the parent of Trump's Truth Social platform, has never turned a profit and reported revenue of just over $1 million for the third quarter of 2024. Trump Media will likely release its fourth-quarter results sometime in March, though an exact date has not been confirmed by the company.
DJT Price Action: Trump Media & Technology shares were up 3.24% at $20.20 at publication Wednesday, according to data from Benzinga Pro.
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