Trump Media & Technology Stock Has Lost Half Its Value Since Inauguration Day | Global News Avenue

Trump Media & Technology Group (DJT) stocks surged between Donald Trump’s presidential election victory in early November and his inauguration. Unfortunately, the fate of the stock has gotten worse for investors in Truth Social Company.

Continue Monday. Since today’s inauguration day, Trump’s majority stake is a stock in Trump Media, which dropped sharply in afternoon trading and fell more than 10% in afternoon trading Extensive sale.

The company’s stock is in between Election Day and Inauguration DayThey are half worth since Trump was sworn in for the second time.

Trump Media stock has recently fallen nearly 12% to $19.80. On January 17, the last trading day when Trump was sworn in, the stock closed at $40.03.

The company reported its full-year financial results in mid-February and updated investors in a press release to consider plans for a merger or acquisition, highlighting the balance sheet holdings of more than $770 million in cash and equivalent value.