Shares in the Truth Social parent, which is majority owned by the president-elect and trades under the ticker DJT in a reference to his initials, fell 4.8% to $26.37 in the premar

After Donald Trump's presidential victory, shares of Trump Media soared more than 30% before drifting back down.

Shares of Trump Media & Technology Group extended a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day.

Shares of Trump Media & Technology (NASDAQ: DJT) were soaring last month in seeming anticipation of a Trump victory in Tuesday's election as the former president's poll numbers generally improved over the course of the month, as did his chances of victory, according to betting markets.

Donald Trump’s election victory made for a seismic week on Wall Street — but investors should guard against getting pulled into emotionally charged market narratives that might not endure.

This article covers recent stock movements, including AppLovin's 80% jump, SolarEdge's 25% drop, and Trump Media & Technology's 27% surge.

Analysts haven't set any long-term estimates for Trump Media yet, but the stock is absurdly valued relative to its past sales. With an enterprise value of $5.77 billion, it trades at over 1,440 times last year's sales. Therefore, it's a meme stock that could easily plummet more than 90% and still be overvalued.

Sky News host Rowan Dean says the stock market has “hit a record high” following the election of Donald Trump.