Trump Media's stock took a significant hit, dropping by 5.4% to $13.91, reaching a new all-time low of $13.50 during trading hours. The company's stock, under the ticker symbol DJT, entered the market on March 26 following Trump Media's merger with Digital World Acquisition through a SPAC. Even factoring in the trading before the SPAC merger, Trump Media is currently on a trajectory to hit its lowest point in over a year due to its meager revenue figures, generating around $800,000 in the past three quarters combined and continuing to operate at a loss.

The DJT stock has often served as an indicator of public sentiment towards Donald Trump's political endeavors. On July 12, the stock soared to $46.27 shortly after the news of an attempted assassination on Trump, which coincided with him holding a substantial lead over President Biden. However, the political landscape shifted as President Biden withdrew from the race, allowing Vice President Kamala Harris to step in. These factors have also played a role in influencing trading activities and fluctuations in DJT stock prices.

Despite earlier peaks, recent trading trends have shown a downward spiral for Trump Media, reflecting investors' concerns over the company's financial performance. The minimal revenue stream and ongoing losses have contributed to this decline, prompting questions about the long-term sustainability of Trump Media in the competitive market. The stock's struggle in reaching new lows suggests a turbulent period for the company as it navigates challenges within the media industry and strives to regain investor confidence amidst these financial setbacks.