The case for DJT always relied on the namesake’s comeback. Now that he’s got it, the share price is floundering.

If there's also more traffic on Trump Media's social media platform Truth Social and its recently launched streaming service Truth+, investors could see improved results for the company. Is the stage set for this volatile stock to get back to the highs it reached earlier this year?

Tuttle added there is also probably a “massive short squeeze” caused by ill-timed short bets against the value of the stock in recent days. When a stock price starts to rise sharply, traders who bet against it are forced to buy back the stock to limit their losses. And that in turn causes the price to rise even further.

The president-elect has threatened broadcast licenses and filed lawsuits against some networks. Executives are bracing for possible deal drama.

The CFO of Trump Media and two other executives sold a combined $16 million in stock after the presidential election, according to SEC filings and a report from CNBC. The news comes as social media users contemplate whether there will be any uncomfortable competition between Truth Social and X now that Donald Trump has tapped X owner Elon Musk to run some kind of commission to slash the federal budget by a third.

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.

CFO Phillip Juhan sold the majority of the company's stocks, while director Eric Swider and general counsel Scott Glabe each sold smaller amounts of the shares. Trump stated that he has no intention o