By WSJ Staff
President Trump and Melania Trump now have meme coins, spurring speculative rallies in all kinds of digital assets in recent days. But one favorite stock of Trump supporters, Trump Media & Technology $(DJT)$, has dropped since the 47th U.S. president took office this week.
In their first day of trading since Trump's inauguration Monday, shares of the Truth Social parent have dropped about 11%, trimming their gains for the year to about 4%. The stock has moved sharply in both directions in recent months, so could break out in either direction in the next few days.
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(END) Dow Jones Newswires
January 21, 2025 15:36 ET (20:36 GMT)
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