Trump Media & Technology Group Corp. (NASDAQ: DJT) shares edged 1.33% higher to $4.55 in the after-hours session Wednesday after falling sharply during regular trading.

Trump Media operates Truth Social, a social media platform founded by President Donald Trump.

Trump Media Shares Follow Midterm Election Results

The after-hours move came following Tuesday’s midterm elections, in which Democrats won control of both the House of Representatives and the Senate.

On Wednesday, Trump celebrated the stock market’s rally in a Truth Social post, writing that the “Stock Market just hit another Record High.” The post came as major U.S. stock indexes advanced following the election results.

Trading Metrics, Technical Analysis

Trump Media has a market capitalization of approximately $1.25 billion.

Over the past year, the stock has traded between a 52-week high of $17.09 and a 52-week low of $4.46.

Over the past 12 months, Trump Media shares have declined 68.31%

Benzinga’s Edge Stock Rankings indicate negative price trends across the short, medium and long term.

Price Action: Trump Media shares fell 24.54% to close at $4.49 during Wednesday’s regular trading session.

Photo Courtesy: Rokas Tenys on Shutterstock.com

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.