November 4, 2026 | TickerRoast Markets Analysis
Shares of Trump Media & Technology Group fell 24.5% to $4.49 as of the Nov 4, 2026 close, according to Yahoo Finance data, below the record low that TipRanks reported at midday. The stock started sliding before the open after Democrats were projected to win control of Congress, and the selling gathered pace late in the session.
The Election Result Landed on DJT First
Few stocks are as closely tied to one politician as this one. According to Forbes, Trump Media shares fell 11% in premarket trading after Democrats were projected to win control of Congress, and the day’s decline reduced Trump’s estimated net worth by about $168 million. According to The Washington Post, Trump is the sole beneficiary of a trust that owns 41% of the company.
The stock had run up into the vote. It closed at $5.95 on Tuesday, according to Yahoo Finance data, after gaining roughly 5% on Election Day. That rally unwound in minutes on Wednesday, and according to TipRanks, the shares were already trading at a record low near $5.02 by midday.
Why the Losses Deepened After Lunch
The part of Wednesday’s move that stood out to me was the afternoon. Intraday Yahoo Finance data show the stock trading around $5.35 in the first half hour, near $5.00 by early afternoon, and then falling steadily from about 2 p.m. ET to finish at $4.49, with heavy volume in the final two hours. Total volume of about 21.6 million shares was roughly five times its three-month average.
I could not confirm a separate company-specific catalyst for that late leg lower. The company issued no new release on Wednesday that I could find on SEC EDGAR, and the press coverage I reviewed attributed the decline to the election result.
A Merger and an Earnings Call Still Ahead
The company has corporate news in the pipeline that has little to do with Tuesday’s ballots. On Nov. 3, Trump Media and TAE Technologies said in a filing with the SEC that they had submitted a second amended Form S-4 registration statement for their proposed merger. TAE describes itself as a developer of fusion energy, power management and cancer therapy technology. The same filing said Trump Media will report third-quarter results after the market close on Monday, Nov. 9, with a call hosted by interim chief executive Kevin McGurn and chief financial officer Phillip Juhan.
| Date | DJT close | Daily change |
|---|---|---|
| Oct 30, 2026 | $5.59 | – |
| Nov 2, 2026 | $5.66 | +1.3% |
| Nov 3, 2026 | $5.95 | +5.1% |
| Nov 4, 2026 | $4.49 | -24.5% |
A Long Slide That Predates the Vote
The one-year chart against the S&P 500 puts Wednesday’s drop in context. Based on Yahoo Finance data, DJT is down about 68% over the past year and has lagged the index, which itself rose 1.58% on Wednesday. According to The Washington Post, the drop followed the midterm result.
A Market That Rallied Without It
The contrast with the broader tape was stark. The Dow jumped 3.03% to 53,356.12 and front-month WTI crude futures fell about 7.9%, according to Yahoo Finance data.
What Investors Will Look for Next
The Nov. 9 report is the next hard data point. Open questions include user and revenue trends at Truth Social and Truth+, the company’s cash position, and any update on the timing of the TAE shareholder vote. A merger with a fusion and power business would change what the company is.
Sources
- Trump Media & Technology Group and TAE Technologies File Amended Form S-4 (Form 425) — Trump Media / SEC EDGAR
- Trump Loses $168 Million, Trump Media Falls 25% After Democratic Midterm Rout — Forbes
- Trump Media stock plunges after midterms — The Washington Post
- Trump Media Stock (DJT) Plunges 15% to Record Low After Democrats Win Congress — TipRanks
- DJT price history — Yahoo Finance
Market data: Yahoo Finance, close of 2026-11-04. Charts generated by TickerRoast from this data.
AI disclosure: This article was drafted with AI tools (Claude, by Anthropic) from the sources listed above and reviewed by the editor before publication.
Disclaimer: This article is for informational and educational purposes only. It provides general financial and business analysis and does not constitute investment advice, a personal recommendation, a recommendation to buy, sell or hold any security, or an offer to transact in any financial instrument. Information is based on publicly available sources as of November 4, 2026 and market data as of the 2026-11-04 close (Yahoo Finance). Past performance is not a reliable indicator of future results; forecasts are uncertain and actual results may differ materially. Investing in shares involves risk, including the loss of capital. The publisher does not guarantee the accuracy or completeness of the information and accepts no responsibility for investment decisions made on the basis of this article. Readers should consult official company disclosures, conduct their own research and, where appropriate, seek advice from a licensed financial adviser. Conflicts of interest: At the time of writing, the author and TickerRoast have no position in the securities mentioned and receive no compensation from the companies discussed.
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