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,

There’s been strong volume for the closely watched Trump Media & Technology stock, but no big pops after Election Day.

I HAVE NO INTENTION OF SELLING,” President-Elect Donald Trump wrote on Truth Social Friday, citing “rumors” to the contrary.

Donald Trump’s social-media company doesn’t earn very much money, but that hasn’t stopped investors from buying up the stock in droves. Trump Media & Technology Group Corp. DJT, parent company of Trump’s social-media platform Truth Social, is valued at $7.8 billion, despite posting only $1 million in revenue in the third quarter.

The chief financial officer of Trump Media and two other corporate insiders sold more than $16 million worth of company stock in the week following the presidential election, according to new disclosures.

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 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.