Marjorie Taylor Greene's Trump Media Stock Bet Faces Major Losses

Greene's Trump Media Stock Drop

Trump Media (NASDAQ: DJT) plummeted on September 11, experiencing a sharp decline of 15% before closing down 10% at $16.68, losing $1.95 $(-10.47%). In pre-market trading on September 12, shares further dipped to $16.36, down another $0.32 (-1.92%). This drop reflects the market’s reaction following the presidential debate between former President Donald Trump and Vice President Kamala Harris, which seemed to favor the Vice President’s stance.

MTG's Stock Performance

Representative Marjorie Taylor Greene entered the Trump Media (DJT) scene on October 22, 2021, investing as much as $50,000 when shares were valued at $92-$94. Since then, the stock has seen a staggering 83% drop, coinciding with Greene's involvement. In comparison, cybersecurity firm CrowdStrike (NASDAQ: CRWD) also saw Greene entering at $377.93 only to see it trading at $253.53 on September 12, marking a 33% decline.

Implications for Investor Sentiment

Greene's trading strategies have stirred conversations around creating an 'Inverse Greene ETF,' highlighting her controversial market stance. Her recent declaration of not owning stocks transformed into explanations regarding Congressional stock reports adds further complexity to her investing narrative. Despite aiming for gains similar to Nancy Pelosi's, her portfolio offers little reassurance in today’s market climate.