Why Trump Media and Technology Stock Slipped 11% in November

Shares of Trump Media & Technology (NASDAQ: DJT) missed out on the "Trump Trade" last month as the stock briefly popped after the election but then gave up those gains in what seemed to be a "buy the rumor/sell the news" event.Trump Media & Technology, which owns Truth Social, brings in almost no revenue, and the stock became something of an avatar for the Trump campaign before the election. Now that he's won, investors seem unsure about what to make of the stock. Additionally, the stock moved on reports that it was in talks to buy a cryptocurrency trading platform. Overall, the stock finished the month down 11%, according to data from S&P Global Market Intelligence.As you can see from the chart below, the stock swung up and down over the month, though it traded in negative territory for nearly the entirety of the month.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool