BUZZ-Trump Media tumbles following presidential inauguration
Updates
** Shares of Trump Media & Technology Group DJT.O down 9.3% at $36.46
** Donald Trump returned 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 each, the highest since Nov. 14, according to Vanda Research
** In the run up to the Nov. 5 U.S. election as well, retail traders ramped up their bets on DJT, the parent of Truth Social platform
** Last week, the stock hit its highest since the election in November
** "Investors in Trump Media & Technology Group might have been taken aback by the new president's talking favorably about rival social media platform TikTok, implying it has been an effective way of reaching a large audience," says Dan Coatsworth, investment analyst at AJ Bell
** "However, this is pure speculation. Fundamentally, shares in Trump Media & Technology have been highly volatile and this remains the case," says Coatsworth
** 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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