Why Trump Media Stock Sank This Week

Trump Media (DJT -2.50%) stock saw a significant valuation pullback over the last week of trading. The company's share price closed out the weekly session down 18.3%, according to data from S&P Global Market Intelligence. The sell-off came despite a 1.7% gain for the S&P 500 index and a 1.6% gain for the Nasdaq Composite index.Trump Media stock lost ground over the last week due to a "buy the rumor, sell the news" dynamic following President Trump's inauguration. The company's share price also appears to ha ...