Trump Media Shares See Volatile Swings Ahead of Second Inauguration

The stock surged over 21% before falling back, as analysts link its movement to sentiment around Donald Trump's political profile.

Trump Media & Technology Group's stock, trading under the ticker DJT, surged 21.5% on Monday to close at $42.91, its biggest single-day jump since November.
By Tuesday morning, shares had dropped over 7% to $39.78, reflecting the stock’s ongoing volatility linked to sentiment around President-elect Donald Trump.
Trump Media has been likened to 'meme stocks,' with its value driven more by public sentiment than financial fundamentals, as the company reported a $19.2 million net loss in its latest quarterly results.
Donald Trump recently transferred his 53% stake in Trump Media to a revocable trust controlled by his son, Donald Trump Jr., while remaining the sole beneficiary of the trust.
Trump's upcoming inauguration on January 20 is seen as a potential driver of further stock fluctuations, with no clear financial catalysts reported for the recent price swings.