Trump Media & Technology Group Corp. (DJT) is experiencing a decline in its stock price today, potentially influenced by recent legal developments. On January 7, a New York court denied Donald Trump's immunity plea in his felony case, solidifying his January 10 sentencing date. This legal setback, stemming from a $130,000 hush money payment in the 2016 election cycle, has added uncertainty to the stock's trajectory. Despite the legal challenges, the stock has shown resilience, buoyed by optimism surrounding Trump's upcoming inauguration on January 20.
On Reddit, discussions reflect a mix of skepticism and hope regarding DJT's potential price movements. One user speculated, "I don't think it will be crazy. But hitting 50 is a nice safe return." Another user expressed doubt, stating, "Certainly no fundamental reason, but still hopeful." These sentiments suggest that while some investors are betting on a price surge, others remain cautious about the stock's volatility and potential for a rapid decline.
The current price of DJT is $34.16, down 3.01% from the previous close of $35.22. Despite being early in the trading day, the volume is notably low at 1,291,692 shares, representing just 3.30% of the average daily volume of 39,084,127 shares.