DJT stock price today: Truth Social parent Trump Media is having a post-debate hangover

Trump Media & Technology Group (DJT) stock plummeted over 13% in premarket trading after Kamala Harris's perceived debate victory against Donald Trump. Harris's endorsement from Taylor Swift further dampened investor confidence. The fall in DJT stock could be attributed to investors perceiving Harris's increased chances of defeating Trump, potentially leading to reduced interest in Trump and his Truth Social platform. Ahead of the debate, DJT stock had been rising, but the lockout period expiring on September 19 allows Trump and early investors to sell their shares, leading to concerns of a sell-off and further decline in share value. DJT shares have had a volatile year, reaching highs of over $71 but falling below $23 in April. Despite a recent rebound, shares have declined again.