Trump Medium (NASDAQ: DJT) The stock posted big gains during trading in 2024. The company’s share price closed the year with a 94.9% increase, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 the level of the index rose by 23.3% and the Nasdaq Composite the level of the index rose by 28.6%.

Trump Media shares began trading this year under the “Digital World Acquisition Corp.” name and stock ticker “DWAC”. In addition to gains related to the merger of Trump Media & Technology Group with special purpose acquisition company Digital World Acquisition (SPAC), the stock market also experienced a bullish momentum in conjunction with the presidential election and Trump’s victory in the race.

Trump Media shares started 2024 with big gains after his victory in the Iowa Republican caucus. At the time, the stock was still trading as Digital World Acquisition because the merger with Trump Media & Technology Group had not been completed, but it still rose on expectations that the combination would go through.

The stock surged on March 25 after it was announced that the SPAC merger had been completed. From that point on, the company operated under the Trump Media banner and the stock traded under the ticker “DJT”.

While Trump Media’s stock price fell in the summer, the stock began to rise in the fall as investors and pundits began to think that Donald Trump was increasingly likely to win the election presidential The company’s stock price soared ahead of Election Day and saw some additional gains after the win before investors took profits and the stock retreated. But even with a post-election valuation decline, Trump Media stock still closed last year with big gains.

Despite a pullback for the broader market, shares of Trump Media have managed to climb higher over the course of 2025 trading. The company’s share price is up 3.5% for the entire stretch from this written Meanwhile, the S&P 500 index is down 0.8% and the Nasdaq Composite index is down 0.9%.

Trump Media shares are gaining ground ahead of President-elect Trump’s inauguration. Investors appear to be betting that Trump’s entry into office will open up bullish paths for stocks.

But while Trump Media has had an impressive run, investors should probably be wary of the stock because the company’s current valuation appears to be largely divorced from its fundamentals. Trump Media currently has a market cap of roughly $7.7 billion, but the business has been bringing in little in sales.

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