Introduction

On Election Day, a whirlwind of activity enveloped former President Donald Trump’s social media venture, Trump Media & Technology Group, which is publicly traded under the ticker symbol “DJT.” The stock faced significant volatility, witnessing two trading halts due to a dramatic drop after an impressive earlier gain. Shares soared more than 17% in the morning before collapsing, ultimately ending the day down more than 1%.

Uncertain Causes Behind Volatility

The cause behind this sudden sell-off, along with the prior spike, remains a mystery. Notably, prediction markets indicated little movement throughout the day, and other stocks linked to Trump, anticipating a victory for the former president, maintained solid performance.

Market Insights