Trump Media shares plunge after GOP nominee's debate with Harris

[BlueWavePsych]

Source: CNBC

The stock price of Trump Media plunged at the opening bell to its lowest level since the company began publicly trading as DJT on the Nasdaq.

DJT shares dropped a day after former President Donald Trump faced Vice President Kamala Harris in a presidential debate hosted by ABC News.
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Investing in Trump Media stock is often seen as a way to bet on the political fortunes of Trump, the former president and current Republican nominee.

Trump Media has said its business hinges at least partly on Trump’s popularity, and analysts say the company’s value will rise or fall based on his electoral prospects.


Read more: https://www.cnbc.com/2024/09/11/djt-trump-media-stock-debate-harris.html

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See also ...
Investor Confidence Falters as Trump Media Stock Tumbles Post-Debate

Wednesday’s market reaction followed a brief uptick in the stock earlier in the week, driven by optimistic speculation about Trump’s debate performance. Shares had surged as much as 10% on Tuesday as investors seemed hopeful about the former president’s ability to fend off Harris in their first one-on-one debate.

However, the drop that followed reflects a more critical reassessment of that performance, with market analysts speculating that some investors may have lost confidence in Trump’s chances of securing a political victory in 2024.

The political significance of the debate between Trump and Harris cannot be understated. Market activity often reacts sharply to major political events, and this debate was no exception. As Harris delivered a performance praised by both liberal and conservative pundits alike for its poise and preparation, the stock market reflected growing doubts about Trump’s electoral prospects.

In particular, Election Betting Odds, which tracks multiple betting markets, showed that Harris’ odds of winning the 2024 election jumped to 51.8%, overtaking Trump. This marked a decisive shift in the election narrative, signaling increasing confidence in Harris as a viable presidential candidate.

https://thedeepdive.ca/investor-confidence-falters-as-trump-media-stock-tumbles-post-debate/

[Crowman2009]

1. I'm laughing my low-risk investment (CDs, Treasury securities, etc.) ass off right now!

[C_U_L8R]

2. Even DJT suckers vote with their wallets.

Taking their losses before they get worse. The end is coming.

[Mysterian]

3. The joke is on lame brain investors

The orange turd is going to sell out.

[FakeNoose]

5. I'm shocked he hasn't unloaded his shares already

I know he can't "sell" before a certain date.

But I'm certain he's looking for ways around that regulation, just like he does for every other regulation.

[SergeStorms]

4. Magnificent!

That'll frost Asswart45's flakes.

[ffr]

6. It's been a bellwether on how investors think his chances are of raping the U.S. Treasury will be.

after becoming dictator for life of the U.S.

Down 12.45%, so his crazy weird performance last night is resonating with his investors. He's finished!!!

[PortTack]

7. So a powerful WOC humiliated him publicly, handed him a defeat, and now messes with his money..OMFG

Ahhhh..”the chef’s kiss!”

[ArkansasDemocrat1]

8. Sometimes ya gotta stop and smell the schadenfreude

"Life moves pretty fast. If you don't stop and look around once in a while, you could miss it." -- Ferris