After Donald Trump's presidential victory, shares of Trump Media soared more than 30% before drifting back down.

Shares were trading at about $37 early on Tuesday morning when they started fluctuating throughout the day. After shares hit a high of $40 midday, they quickly plunged to $32 later in the day. It ended Tuesday down more than 1 per cent at $33.94.

Shares of Trump Media & Technology Group extended a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day.

Shares of Trump Media & Technology (NASDAQ: DJT) were soaring last month in seeming anticipation of a Trump victory in Tuesday's election as the former president's poll numbers generally improved over the course of the month, as did his chances of victory, according to betting markets.

Trump Media’s stock price increased by nearly 16 percent to $32 per share on Friday, as investors reacted to the news.

Major U.S. indexes gained at midday Tuesday as investors awaited the results of the U.S. presidential election.

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

The parent company of Truth Social continues to see volatile trading even with Trump returning to the White House. Some investors may want to cash out while they can. One of the most volatile stocks of 2024 is undoubtedly Trump Media & Technology Group Corp.

Shares of Trump Media & Technology Group rose on Friday after U.S. President-elect Donald Trump said he had no intention of selling his shares in the company, which owns his Truth Social media platform.

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