Here’s how much you would have lost since winning the election if you invested $1,000 in Trump stocks

A prominent feature of the 2024 US elections has been the rise of various outcome betting platforms and methods over more traditional polling. In fact, websites and companies like Polymarket and Kalshi became household names for many – and arguably called the election well before the legacy media.

Trump Media (NASDAQ: DJT) stock, although different from the gaming platforms, was another example of this trend, with investors seemingly generating tremendous buying pressure when Donald Trump came out on top and with each Kamala “victory.” Harris sold en masse.

But for those who had hoped the Republican victory would lead to larger gains – perhaps significant enough to close the $90 gap that people like Rep. Marjorie Taylor Greene needed to boost their investments – were, as it turned out, for DJT stock as of press time on November 29th, left, bag in hand.

DJT Stock Plunges as Donald Trump Is Reelected

Specifically, Trump Media’s stock was at $33.94 on election day, and although it climbed to $35.96 a day later when the Republican was declared the winner, it subsequently plummeted to its most recent closing price DJT shares changed hands at $30.44.

Overall, the social media company’s securities have fallen 40.90% over the past 30 days, down 10.3% since November 5th and are 15.35% below the November 6th highs.

Cumulatively, this means that an investor who decided on Election Day to bet $1,000 that Donald Trump would be the next president – ​​and that that outcome would cause DJT to rally – would have lost $154.

Was DJT stock a bad bet in 2024?

Still, the former and future president’s ardent fans who saw Kamala Harris’ entry into the race and her initial popularity as an opportunity to “buy the dip” are as are those who believed the tide would turn in late September and early October If it were to turn again, it would certainly be “in the money” at the time of going to press.

Looking at the historical chart of DJT shares, the best day to enter a position in 2024 was September 23, when Trump Media shares traded at $12.15. A $1,000 investment made at that time would have grown to $2,505 – a return of 150.53%.

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