Trump Media (DJT) Stock on November 29, 2025: Big-Name Buyers Step In as Shares Stay 70% Below Their Peak

Updated: November 29, 2025 – markets last traded on Friday, November 28, 2025.

Trump Media & Technology Group Corp. (NASDAQ: DJT), the parent of Truth Social, heads into the final month of 2025 in a paradoxical spot: the stock is deeply beaten down, yet fresh money from major institutions is still flowing in.

On November 29, 2025, two key storylines dominate DJT stock news:

Geode Capital Management (a major index manager) has quietly increased its stake, joining other large institutions that have added shares. ^[1]
A new Wall Street Journal analysis highlights how “Trump trades” have soured, with DJT down roughly three-quarters from earlier highs even after a bounce this week. ^[2]

Here’s what investors need to know about today’s headlines, the latest numbers, and the bigger story behind Trump Media’s volatile stock.

DJT Stock Price Snapshot: Still Deep in Meme-Stock Territory

As of the close on Friday, November 28, 2025, Trump Media & Technology Group stock traded at:

$11.54 per share, up 4.25% on the day
$11.66 in after-hours trading, adding another ~1% ^[3]

Key trading metrics around that close:

52-week range: about $10.18 – $43.46 ^[4]
1-year performance: roughly –63% ^[5]
Market capitalization: around $3.1–3.2 billion ^[6]

From its highs above $40 earlier this year to the low-teens now, DJT has shed roughly three-quarters of its value, a slide widely reported as wiping out about $5 billion in paper wealth for the Trump family’s majority stake. ^[7]

At the same time, the stock still trades at extraordinary valuation multiples:

Trailing 12‑month revenue: about $3.6 million
Trailing 12‑month net loss: roughly $400.9 million
Trailing EPS: –$2.36 per share ^[8]

That implies a price‑to‑sales ratio north of 800x and heavy losses relative to revenue—hallmarks of a highly speculative, sentiment-driven name.

Today’s Big Headline: Geode Capital Ups Its Trump Media Stake

The most concrete DJT news dated November 29, 2025 comes from MarketBeat, which reports that Geode Capital Management LLC—best known as the sub-advisor behind many Fidelity index funds—increased its position in Trump Media by 13.5% in Q2. ^[9]

According to that filing-based report:

Geode bought an additional ~216,700 shares in the quarter.
It now holds about 1.82 million shares, valued around $32.9 million at the time of the filing, or roughly 0.83% of the company. ^[10]
Vanguard Group remains the largest institutional investor, with roughly 9.24 million shares, having added more than 237,000 in its latest reported quarter. ^[11]

Other institutional moves highlighted across MarketBeat and QuiverQuant data include: ^[12]

Swiss National Bank, Spire Wealth Management, and Cetera Investment Advisers all growing positions.
Hedge funds like BlackRock and Susquehanna International Group adding millions of dollars’ worth of DJT in Q3, even as firms such as Jane Street and Yorkville Advisors cut or exited positions.

Despite these flows, institutions still control only a small portion of the float. MarketBeat notes that:

Insiders own roughly 53% of DJT,
While institutional investors own only about 4–5%, underlining how dominated the stock remains by insiders and retail traders. ^[13]

Insider Activity: Small Buys, More Notable Sales

Recent Form 4 filings and QuiverQuant data show:

Director Eric Swider sold 5,200 shares at an average price of $10.59 on November 17, trimming his personal stake by about 21.6%. ^[14]
Over the last six months, insiders have executed four open‑market trades: three sales and one small purchase (a 1,000‑share buy by general counsel Scott Glabe). ^[15]

This pattern—institutions nibbling while insiders mostly sell or sell-to-cover—reinforces the image of a stock that’s tradable, but still risky and sentiment-driven.

Wall Street Journal: “Bets on His Brand Have Soured”

On November 29, The Wall Street Journal published a widely shared piece looking at Trump-branded investments, from DJT to various Trump-linked cryptocurrencies. The article notes that Trump Media shares are down roughly 75% since President Trump’s inauguration, even after a modest recent bounce. ^[16]

The Journal situates DJT’s slump in a wider sell-off in:

Unprofitable technology stocks
Crypto and meme assets tied to political or celebrity brands

In other words, DJT is no longer just a political or social media story—it’s now also a case study in how quickly speculative trades can deflate when fundamentals lag.

Fundamentals Check: Q3 2025 Shows Tiny Revenue, Big Losses

Trump Media’s most recent earnings report, for the quarter ended September 30, 2025, paints a stark picture.

From the company’s Form 10‑Q and Reuters coverage: ^[17]

Q3 2025 revenue: about $972,900, down 3.8% year-on-year from roughly $1.01 million.
Q3 net loss:$54.8 million, nearly 3x the $19.2 million loss in the same quarter a year earlier.
Legal expenses alone: about $20.3 million in the quarter. ^[18]

For the first nine months of 2025, the 10‑Q shows: ^[19]

Net loss: roughly $106.5 million, an improvement versus the $363.2 million loss in the comparable 2024 period, largely due to one‑off earn‑out and derivative effects last year.

The balance sheet, however, looks unusually large for such a small revenue base:

Total assets: about $3.27 billion, up from $938 million at the end of 2024.
Digital assets: roughly $1.47 billion, reflecting the company’s aggressive move into crypto‑denominated treasury assets.
Convertible notes: around $945.6 million. ^[20]

StockTitan’s aggregated TTM metrics, which blend the IPO-related accounting with more recent performance, underscore how extreme the ratios have become: roughly $3.6 million in revenue against $400.9 million in net losses over the last 12 months. ^[21]

The Crypto Pivot: CRO Treasury & Truth Predict

If Trump Media once pitched itself mainly as a “free speech social network,” the 2025 strategy reads more like a crypto‑heavy fintech experiment.

$6.42 Billion CRO Digital Asset Treasury Plan

In August 2025, Trump Media announced a three‑way deal with Yorkville Acquisition Corp. and Crypto.com to form Trump Media Group CRO Strategy, a digital asset treasury vehicle focused on acquiring the CRO token (Crypto.com’s native coin). ^[22]

Key elements from the deal documentation and related filings: ^[23]

The new entity aims to amass up to $6.42 billion worth of CRO over time.
The structure leans heavily on a “treasury-style” approach, using the company’s balance sheet and financing arrangements to hold crypto assets.

Reuters and other outlets have noted that this strategy makes Trump Media increasingly sensitive to swings in crypto markets, adding another layer of risk (and potential upside) on top of the already volatile social-media business. ^[24]

Truth Predict: Betting on Prediction Markets

In late October, Trump Media also unveiled Truth Predict, a prediction markets platform integrated into Truth Social and built in partnership with Crypto.com Derivatives North America. ^[25]

According to company statements and Reuters:

Truth Predict will let users trade crypto‑settled event contracts on elections, sports, macro data, and more. ^[26]
Beta testing is set to be followed by a full U.S. launch, with ambitions for global expansion as regulations allow. ^[27]

Coverage from outlets like the Las Vegas Review‑Journal and Wired has highlighted two big implications: ^[28]

Regulatory risk – U.S. regulators are still wrestling with whether some prediction contracts constitute gambling.
Engagement potential – prediction markets could deepen user engagement on Truth Social, but there’s no guarantee they’ll translate into sustainable revenue.

In short, Trump Media is no longer just “the Truth Social stock”; it’s becoming a leveraged bet on crypto, prediction markets, and politically themed fintech products.

Analyst & Quant Views: Mostly Bearish, With a Neutral Tilt Today

Traditional Wall Street coverage of DJT remains sparse—unsurprising for a relatively young, politically charged media stock. But the signals that do exist skew cautious:

Weiss Ratings recently re‑issued a “Sell” rating on Trump Media shares, according to MarketBeat’s summary of analyst sentiment. ^[29]
AI‑driven stock‑picking service Danelfin assigns DJT an AI Score of 5/10, effectively a “Hold”, with the dashboard updated as of November 29, 2025. ^[30]

QuiverQuant’s tracking of social media chatter and hedge fund flows shows:

Record‑low share prices below $11 earlier in November spurred heated debate on X (formerly Twitter), with many retail investors blaming the company’s growing losses. ^[31]
Hedge fund activity is mixed: firms like Vanguard, BlackRock, and Susquehanna have boosted positions, while Jane Street, Yorkville and Hudson Bay have significantly reduced or exited theirs. ^[32]

The overall message from the data: there’s interest in DJT as a high‑beta trading vehicle, but little consensus that the stock is fundamentally cheap.

What Today’s News Means for DJT Shareholders

Putting November 29’s news in context, a few themes emerge.

1. Institutional Money Is “Renting” the Stock, Not Owning the Story

Geode’s additional 13.5% stake and ongoing buying from Vanguard and others show that DJT is firmly on the radar of index and quant funds. ^[33]

But:

Institutions still control only a single‑digit percentage of outstanding shares. ^[34]
Insider ownership north of 50% means the Trump family and allies effectively dictate corporate control and will capture most of any upside. ^[35]

For retail investors, that combination often translates to high volatility, low governance influence, and strong dependence on the controlling shareholder’s decisions.

2. Valuation Is Still Tied to Narrative, Not Numbers

With:

TTM revenue of about $3.6 million,
TTM net losses around $401 million, and
A market cap near $3.1 billion, ^[36]

DJT’s valuation is difficult to justify on classical metrics. The bullish case is almost entirely about:

Rapid growth in Truth Social usage
The success of Truth Predict as a prediction platform
The eventual monetization of Trump’s political and media influence

Today’s WSJ piece underscores how fragile that narrative can be when macro conditions sour and speculative assets sell off. ^[37]

3. Crypto Exposure Cuts Both Ways

The CRO treasury strategy and prediction markets rollout effectively shift part of DJT’s risk profile onto the crypto complex. ^[38]

A sustained crypto bull market could boost the value of digital assets on Trump Media’s balance sheet and make Truth Predict a hot destination for event traders.
A deeper crypto winter would weigh on both those assets and the narrative, adding to the pressure from operating losses.

For investors, that means DJT is increasingly a hybrid bet: politics + social media + crypto + regulation.

Key Questions for Investors Watching DJT

If you’re following Trump Media stock after today’s news, the critical questions over the next 6–12 months include:

User and engagement metrics
- Will the company begin regularly reporting active users and engagement on Truth Social and Truth Predict—metrics it has largely withheld so far? ^[39]
Regulatory clarity
- How will U.S. regulators treat prediction markets and crypto‑settled event contracts, and will that constrain Truth Predict’s growth? ^[40]
Path to sustainable revenue
- Can ad sales, fintech products, and prediction-market fees realistically scale from under $4 million TTM revenue to a level that supports a multi‑billion‑dollar valuation? ^[41]
Balance sheet risk
- How exposed is the company to swings in CRO and other digital assets, and what happens if those markets turn sharply against it? ^[42]

Bottom Line

On November 29, 2025, DJT sits at a crossroads:

Price: around the low‑teens, far below its 2025 peak but up a bit from the month’s record lows. ^[43]
Ownership: dominated by insiders, now joined by a growing but still small cohort of big institutions like Geode and Vanguard. ^[44]
Business model: a small-scale social-media and streaming company making outsized bets on crypto and prediction markets while still generating minimal revenue and substantial losses. ^[45]

For traders, DJT remains a high‑volatility, news‑driven stock where daily swings can be large and sentiment can flip quickly. For long‑term investors, today’s headlines are a reminder that even as respected institutions add shares, the fundamental turnaround story is far from proven.

As always, this article is for informational purposes only and should not be taken as financial advice. Anyone considering DJT should carefully weigh their risk tolerance, time horizon, and the unusual mix of political, regulatory, and crypto exposure embedded in the stock.

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