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.

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.

Shares in the Truth Social parent, which is majority owned by the president-elect and trades under the ticker DJT in a reference to his initials, fell 4.8% to $26.37 in the premar

Shares in Trump Media did not sustain their sudden rise after Donald Trump was declared winner of the 2024 presidential election.

DJT's rapid 300% runup on 1.3B share volume just met its match: The stout $50 barrier. As a meme stock, it is driven by social media popularity with a simple rationale: The Trump brand link to Donald Trump's possible election win.

CFO Phillip Juhan recently adopted a trading plan to sell as much as $12 million of shares of the parent of Truth Social.

Republican presidential nominee Donald Trump owns nearly 57% of the company, which trades as DJT on the Nasdaq.