Since the debate, the Trump stock is on a roller coaster

Former US President Donald Trump’s disastrous debate against his rival, Vice President Kamala Harris, which took place on September 10, 2024 at the National Constitution Center in Philadelphia, had many unexpected repercussions.

The evening ended well for Kamala Harris, with Taylor Swift announcing her support for Harris and Tim Walz in the election. On the other hand, the day after the debate was more complicated for Trump, who received less favorable news: shares in Trump Media (DJT), which had peaked at $19.90 on the day of the debate, fell by over 17%, reaching an all-time low of $15.64.

Many political analysts observed that Kamala Harris appeared more articulate and better prepared, while Trump appeared nonchalant in his preparation and made awkward remarks that probably displeased voters.

It seems that this perception had an immediate impact on Trump Media, his media company, whose performance was affected the very next morning.

After the debate, Trump’s shares hit their lowest level since the company was listed on the Nasdaq under the symbol DJT. This drop is particularly worrying for Trump, who often (and often wrongly) claims to have a positive influence on the financial market.

Falling stocks reflect investor skepticism about Trump’s viability as a candidate, following his disastrous performance.

A potential sign of change in investor confidence could be on the horizon, as DJT shares had recorded a slight rise of 10% on the eve of the debate. The sharp fall that followed could suggest that some investors and supporters of the former president were disappointed with his performance.

It’s important to note that Trump is on the verge of being able to sell his Trump Media shares, with the blockade imposed expiring in a few days, on September 19.

This is likely to put further pressure on investors. DJT had barely recovered from the fall, dropping from $15.64 to just $16.08, a few days after the disastrous debate. At the time of writing, the DJT stock was around $18.