Trump Media Faces Wall Street Turmoil Amid Major Share Sell-Off

President Donald Trump‘s media venture is experiencing significant challenges on Wall Street, with shares of Trump Media & Technology Group DJT plummeting after the company announced plans to sell over 142 million shares, which includes Trump’s own $2.3 billion stake.

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Read also: Trump Media To Begin trading On NYSE Texas With DJT Ticker Amid Stock Slump

DJT Stock Performance and Technical Indicators

The DJT Stock has seen a sharp decline of 62.67% over the past year and is down 43.39% year-to-date. It has dropped 17.05% in just the past month. Despite some moderate bullish signals, technical indicators remain concerning. The eight-day, 20-day, 50-day, and 200-day simple moving averages all suggest bearish momentum, as DJT Stock trades below these key thresholds. Furthermore, the MACD (moving average convergence/divergence) stands at a negative 1.54, hinting at potential further declines. The RSI (relative strength index) reads 37.08, indicating a stock that is nearing oversold conditions.

Trump’s Sale of Shares Creates Uncertainty

Trump’s decision to sell shares “from time to time in one or more offerings” has shaken investor confidence. This move contrasts sharply with his position last September when DJT’s shares surged after he pledged not to sell. At that time, Nasdaq even had to suspend trading amid dramatic price fluctuations, leading Trump to criticize the exchange for allegedly “taking orders” from the SEC.

Concerns Among Retail Investors

DJT has garnered a loyal following among retail investors, with over 650,000 individual shareholders who often view their stakes as badges of loyalty rather than traditional investments, according to the Financial Times. However, as Trump and other insiders prepare to cash out, the prevailing narrative around the stock may begin to shift. The anticipated debut of TMTG on the NYSE’s Texas platform is failing to provide adequate support for the falling share price.

Future Outlook for DJT

Looking ahead, the announcement of Trump’s “liberation day” tariffs is causing global market unease. For DJT, the central question remains: without the fervent backing of retail investors, what factors will sustain its value?

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