DJT Stock Analysis: The Impact of Donald Trump on Trump Media Shares

Tuesday, 24 September 2024, 08:59

DJT stock suffered a significant decline following the expiration of the lock-up period for Donald Trump’s media company. Trump's assurances of not selling his stake have not bolstered investor confidence, as the market sentiment leans negative. This bearish outlook raises concerns over the future of Trump Media.
Finbold
DJT Stock Analysis: The Impact of Donald Trump on Trump Media Shares

DJT Stock Performance After Lockup Period

Donald Trump's media company, Trump Media & Technology Group (NASDAQ: DJT), experienced a steep 18.07% decline in its stock price following the end of the six-month insider lockup period on September 19. This expiration allowed insiders, including Trump, to sell their stakes, despite Trump's claims of holding onto his 60% share.

Trends Indicating DJT Stock Weakness

The recent drop follows a consistent downward trend since mid-March, where DJT stock peaked at $75. The current assessment shows a staggering 85% decrease since then, raising alarms as the price hovers around $12.15, with predictions indicating possible movement towards single-digit values.

  • Price Decline: DJT stock has seen a daily decrease of 10.33%.
  • Weekly Loss: A total drop of 28.53% this week.
  • Month-to-Date Performance: An alarming decline of 46.90% for the past month.

Future Outlook and Market Sentiment

Despite the bearish market outlook, potential political developments, including Trump’s presidential candidacy, might affect DJT’s stock performance positively. Current sentiment indicators show a strong sell recommendation, with technical analyses leaning towards a negative market trend.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe