Trump Media & Technology Group Corp. (DJT) is experiencing a decline today, driven by several factors. A significant development is the reduction in holdings by JPMorgan Chase & Co., which sold 8,825 shares, representing a 16.7% decrease in their position. This move by a major institutional investor may have contributed to the negative sentiment surrounding the stock. Additionally, the recent removal of Donald Trump from the Bloomberg Billionaires Index, due to a decline in his net worth, has cast a shadow over the company's prospects. The stock has been under pressure since the inauguration, with shares down more than 21% over the past five trading sessions.
The stock opened at $31.39 and has seen a low of $30.52, with the current price at $30.95, marking a 5.38% decrease from the previous close of $32.71. Despite being just 30 minutes into the trading day, the volume is relatively low at 3,183,011 shares, accounting for only 9.61% of the average daily volume of 33,134,443 shares.