Shares of Trump Media & Technology Group (DJT, Financial) fell to a near two-week low as speculative enthusiasm dwindled following Trump's election win. The stock price plunged over 22% during the latest trading session.
According to Vanda Research, DJT attracted a net inflow of $7.3 million from retail investors, significantly lower than the record high of $14.4 million seen on previous days in late October and early November. It indicates that trading volumes based on election expectations were much higher than on election day itself.
Analysts have pointed out that the company's $6.4 billion valuation is disconnected from its fundamentals. On election day, DJT released its quarterly report for the period ending September, revealing a net loss of $19.2 million and revenue of $1 million.
