DJT stock price: Wild swings for Trump Media as Inauguration Day nears

Trump Media & Technology Group Corp., which owns Truth Social, started trading with a surge this week, but its shares are now sinking. Yesterday, DJT shares rose 21.5% to $42.91 per share, marking the company's best trading day since late October. However, as of now, DJT shares are trading down over 7% to $39.78 per share, giving up some of yesterday's gains. At its current share price, Trump Media has a market capitalization of around $8.9 billion. The reason for the surge is unclear, as the company did not report any new fundamentals or update its prior guidance. DJT is sometimes described as a "belief stock," with the popularity of Donald Trump driving its rise and fall. The fall in shares today may be due to profit-taking by investors who want to collect their gains. With Trump's inauguration on Monday, DJT shares could be in for a volatile week, but it's impossible to predict their direction. Trump Media went public in March 2024 via a merger with a special purpose acquisition company and has since seen its shares fluctuate widely. For 2025, DJT shares are currently up nearly 21%.