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

Trump Media stock was one of the clearest Trump trades going into the election. But since Nov. 6, the stock has fallen about 20% while the S&P 500 has risen 2%. The volatile stock was moving little in the premarket Thursday,

Truth Social still has paltry revenues and a limited advertising base, and the president-elect’s majority stake raises the potential for conflicts of interest.

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.

President-elect Donald Trump holds the majority of stock in Trump Media. DJT shares have dramatically fluctuated in value since becoming publicly traded

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.

Trump Media & Technology Group (NASDAQ: DJT) stock could become a hot buy after Donald Trump's election win last week. As the former president heads back to the Oval Office next year, there could be a lot more excitement around Trump Media stock and anything related to the Trump brand.