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BUZZ-Trump Media down following Presidential Inauguration

ReutersJan 21, 2025 12:48 PM

Shares of Trump Media & Technology Group DJT.O down 6.1% at $37.58 premarket

Donald Trump reclaimed position as the U.S. president on Monday after taking the oath of office in the Capitol Rotunda

Retail traders had increased their purchases of Trump Media shares ahead of Inauguration Day with individual investors buying about $2 mln on Jan. 13 and 14 Tuesday each, the highest since Nov. 14, according to Vanda Research

In the run-up Nov. 5 U.S. election as well, retail traders ramped up their bets on DJT, the parent of Truth Social platform

On Monday, Trump in his inaugural address promised a new golden age, casting himself as a uniter while announcing sweeping policy changes on issues that have divided the country

In 2024, DJT stock had risen nearly 95%, while since the beginning of 2025, shares have jumped ~17%

(Reporting by Ananya Mariam Rajesh in Bengaluru)

((AnanyaMariam.Rajesh@thomsonreuters.com ; X: https://twitter.com/AnanyaMariam))

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