Trump Media & Technology Group Corp. (DJT) is experiencing a decline in its stock price today, potentially influenced by discussions on Reddit. A post on r/wallstreetbets highlights a $350,000 investment into DJT options, speculating on a squeeze leading up to the inauguration. The post reflects a mix of skepticism and hope, with one user commenting, "To me this seems like an obvious play, but those are the ones that get burnt the most." Another user noted, "He doesn’t need to be right, he just needs another 5000 people to think like him and buy the stock." This sentiment suggests that while some investors are betting on a price surge, others are wary of the stock's volatility and potential for a rapid decline.
Additionally, a comparison between Trump Media and Meta Platforms highlights concerns about DJT's financial health. Trump Media's revenue is declining, with a net loss that has widened significantly, raising questions about its valuation and sustainability. The company's recent stock rally is attributed more to election-related speculation than to fundamental business improvements. This financial backdrop may be contributing to the cautious sentiment among investors.
The current price of DJT is $35.80, down 1.02% from the previous close of $36.17. Despite being early in the trading day, the volume is notably low at 1,381,682 shares, representing just 3.48% of the average daily volume of 39,757,364 shares.