A screenshot of Donald Trump's Truth Social page.
(Source: Truth Social.)
  • Trump Media & Technology Group (NDAQ:DJT) stock saw a steep decline after a rocky debate performance by former President Donald Trump
  • By the end of the trading day, the stock closed at a record low, down 10 per cent
  • The sharp selloff was an immediate reaction to the ABC presidential debate, where Vice President Kamala Harris threw Trump off his game
  • Trump Media & Technology Group opened trading at US$16.29 per share

Trump Media & Technology Group (NDAQ:DJT) stock saw a steep decline this week after a rocky debate performance by former President Donald Trump.

The stock plunged 17 per cent Wednesday, reaching its lowest level since the company went public in late March. By the end of the trading day, the stock closed at a record low, down 10 per cent.

The sharp selloff was an immediate reaction to Tuesday night’s ABC presidential debate, where Vice President Kamala Harris threw Trump off his game. Investors reacted swiftly to the debate’s outcome, reflecting concerns about Trump’s performance and its potential impact on the company’s future.

This reaction stands in stark contrast to the market’s response on June 28 after President Joe Biden’s lackluster performance in the CNN debate. On that day, Trump Media’s stock initially spiked 10 per cent, only to fizzle out and end in the red by the close of trading.

Adding to the controversy, Trump made a claim during the debate that immigrants in Ohio were eating house pets, a statement that was quickly debunked. This further fueled investor uncertainty and contributed to the stock’s decline.

One house pet that was kept safe was Taylor Swift’s cat. The pop singer took to social media to endorse Harris’ Presidential bid, saying she was a “childless cat lady” who will back the VP, making fun of Republican VP candidate JD Vance’s obsession with “childless cat ladies.”

(Source: taylorswift on Instagram.)

Trump Media & Technology Group Corp. was founded by Donald Trump in 2021 and describes its mission as ending Big Tech’s assault on free speech by opening up the internet and giving people their voices back.

Trump Media & Technology Group (NDAQ:DJT) opened trading down nearly 5 per cent at US$16.29 per share and has fallen nearly 9 per cent since the year began.

Join the discussion: Find out what everybody’s saying about DJT stock on the Trump Media & Technology Group Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.

The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.

(Top image: Truth Social)


More From The Market Online
Xcyte Digital Corp

Xcyte Digital Corp. acquires former Streamlined Communications assets

Xcyte Digital Corp. (TSXV:XCYT) has signed an agreement for sale of collateral with a Delaware limited liability company.
Hydrogen ESG concept

dynaCERT’s combustion engine enhancer is ramping up production

dynaCERT (TSX:DYA) eyes production of 1,000 units of its HydraGEN HG1, which improves fuel efficiency and emissions in combustion engines.
bull against a stock market graph background

Market Open: Carney for PM Ahead of BoC’s Interest Decision Tipping TSX Down |  Monday, March 10, 2025

Well Canada’s next Prime Minister has been elected, just ahead of the BoC’s next interest rate...
AI generated stock image

@ the Bell: TSX stumbles into the week

The TSX plunged over 300 points at the start of the week. Traders are avoiding risks due to ongoing concerns about the global trade…