Trump Media & Technology & Technology Group shares slipped 9% on Tuesday and were on track to wipe out Monday’s gains.
Other Trump-linked shares also dropped. Phunware fell 11%; Rumble fell 2%.
It’s developing into a pattern for the stock since Donald Trump won the presidential election last week. DJT was largely seen as a proxy for the chances of a Trump victory, and investors seem unsure about where the stock’s future lies.
As the stock doesn’t seem to be trading on fundamentals, its susceptible to big swings. Since Oct.25, the stock has moved by a double-digit percentage on eight trading days out of 12—four up, four down.
DJT was a key part of the Trump trade in the run-up to last week’s election but other assets have now taken center stage—the U.S. dollar, Bitcoin, Tesla, and most of theS&P 500 to name a few.
Perhaps that’s the problem. Investors now have a plethora of ways to play the Trump win, it brings into question why they would choose one with an uncertain, volatile future.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。