Trump Media & Technology Group (TMTG) Stock: A Wild Ride Amid Donald Trump's Political Fortunes
Stock prices for Truth Social surge after Trump's assassination attempt
The fortunes of Donald Trump and Trump Media & Technology Group (TMTG) are intertwined, with the stock price of TMTG dancing to the tune of the former president's political successes and setbacks. Following an assassination attempt, the president's star seems to be on the rise, and TMTG's stock might follow suit.
After the attempted assassination, DJT, TMTG's ticker symbol, has shown resilience, starting the trading day on a positive note but cooling off towards the end. DJT hit an intraday high of over $46 on Monday, before settling at around $41 by the session's end.
Established in 2021, TMTG is a media company with a majority stake held by Trump. Its flagship product, Truth Social, launched in 2022, has been a subject of keen interest for investors, media, and the curious alike. TMTG went public on March 26, 2024, and stormed onto the market, trading at $66.22 during its second day. However, the ride has been anything but smooth since then.
TMTG attempted to issue 21 million more shares of DJT stock on April 15, which resulted in a 18% drop in the stock price. A day later, the company announced plans to launch a live TV streaming service for Truth Social, but the stock dip continued, sliding another 10%. Ever the optimist, Trump did not take responsibility for his company's declining fortunes. Instead, he blamed market manipulation for the performance of the stock.
Things seemed to take a turn for the worse in May after a New York City court convicted Trump on 34 counts related to a felony fraud case. This verdict sent DJT's stock plummeting another 14%. However, the stock quickly recovered from the blow.
TMTG reported a substantial loss of $327.6 million in the first quarter of 2025, showing the volatility in the stock is not just a passing fad. Given its connection to the personality of Donald J. Trump, DJT stock might be considered a meme stock, with its value hinging on public sentiment towards the former president.
The attempted assassination, although shocking, seems to have injected a temporary boost into TMTG's business. At a rally following the attempted assassination, a 20-year-old man opened fire on Trump with a rifle. Despite being wounded, the president showed his characteristic resilience by pumping his fist to the crowd before being escorted off stage.
Since then, DJT has been trading around $10 above its pre-incident price. However, with so much noise in the market and numerous trials ahead, it remains to be seen whether Trump's meme-stock can maintain this momentum or plunge back to earth.
- The resilience displayed by DJT's stock after the attempted assassination in 2024 might be an indication of increased investor interest in the future of Trump Media & Technology Group (TMTG) and its flagship product, Truth Social.
- With the upcoming live TV streaming service for Truth Social and the potential impact of subsequent legal trials, investors are keenly observing the future direction of the tech industry, particularly with regards to TMTG and the meme stock DJT.
- While the volatility of DJT stock is evident, with its significant fluctuations since the company's public debut in 2024, the figurative "juice" of the former president's political successes and setbacks continues to play a vital role in determining its fortunes.
- As Donald Trump navigates through his legal trials, the future of TMTG remains uncertain, with the stock's performance heavily influenced by the changing sentiments towards the former president among investors, tech enthusiasts, and the public at large.
