Trump Media stock was one of the clearest Trump trades going into the election. But since Nov. 6, the stock has fallen about 20% while the S&P 500 has risen 2%. The volatile stock was moving little in the premarket Thursday,

Phillip Juhan, chief financial officer of Trump Media, recently sold nearly $12 million worth of stock in the company, which operates the Truth Social app. Two other corporate insiders, general counsel Scott Glabe and director Eric Swider,

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.

Trump Media insiders sold stock worth more than $16 million in the days after last week’s presidential election, according to a series of filings late Tuesday.

CFO Phillip Juhan sold the majority of the company's stocks, while director Eric Swider and general counsel Scott Glabe each sold smaller amounts of the shares. Trump stated that he has no intention o