The financial firm ARC Global Investments II and manager Patrick Orlando no longer own more than 5% of Trump Media stock, an SEC filing showed. ARC, which once held over 11 million shares, and Orlando now hold just 0.

There’s been strong volume for the closely watched Trump Media & Technology stock, but no big pops after Election Day.

Shares in Trump Media did not sustain their sudden rise after Donald Trump was declared winner of the 2024 presidential election.

First, the stout $50 barrier once again blocked DJT’s rise. With speculators and short sellers focused on technical indicators, the seemingly impenetrable $50 level was an easy read. Moreover, it dropped further, breaking through the next major barrier, $35.

Donald Trump’s social-media company doesn’t earn very much money, but that hasn’t stopped investors from buying up the stock in droves. Trump Media & Technology Group Corp. DJT, parent company of Trump’s social-media platform Truth Social, is valued at $7.8 billion, despite posting only $1 million in revenue in the third quarter.

Trump Media stock was one of the clearest Trump trades going into the election. The volatile stock was moving little in the premarket Thursday, down less than 1% to $28.72. Trading volume was also significantly lower at just under 21 million,

Trump Media insiders sold stock worth more than $16 million in the days after last week’s presidential election, according to a series of filings late Tuesday.

It's set to be another volatile week for Trump Media & Technology Group (DJT), the home of the Republican nominee's social media platform Truth Social.