Biden Withdraws - Trump Media & Technology Group Investors See Red

President Joe Biden on July 21, 2024 announced his withdrawal from the 2024 presidential campaign. Since then, Trump Media & Technology Group Corp. (DJT) has fallen from $34.70 on July 22 to $17.10 on September 6, a 50.72% decline.

Return Analysis

The following table shows return data associated with the 34 daily closing prices.

A one-time $1,000 investment made on July 22 is worth $501 as of the September 6 closing price.

An even more revealing measure of the thrashing that DJT investors are taking is the tally of the 561 buy and sell returns for the period. Only 23 (4.10%) are profitable and 538 (95.90%) are unprofitable.

The average of the 561 returns is -18.92%.

Conclusion: It's difficult to make money during a prolonged price downside.

Comment

It's impossible to know the trading history of every DJT investor, but it's safe to say that many of them are seeing red.

See more articles about price upsides and downsides and their returns.

Posted September 8, 2024