Trump Media & Technology Group Corp. (DJT) shares edged 1.33% higher to $4.55 in the after-hours session Wednesday, a modest rebound after a brutal day of regular trading.

The company operates Truth Social, the social media platform founded by President Donald Trump.

Midterm Elections Send Shares Tumbling

The after-hours move followed Tuesday's midterm elections, in which Democrats won control of both the House of Representatives and the Senate.

On Wednesday, Trump celebrated the stock market's rally in a Truth Social post, writing that the "Stock Market just hit another Record High." The post came as major U.S. stock indexes advanced following the election results.

Trading Metrics and Technical Analysis

Trump Media has a market capitalization of approximately $1.25 billion.

Over the past year, the stock has traded between a 52-week high of $17.09 and a 52-week low of $4.46.

Over the past 12 months, Trump Media shares have declined 68.31%.

MarketDash's Edge Stock Rankings indicate negative price trends across the short, medium and long term.

Price Action: Trump Media shares fell 24.54% to close at $4.49 during Wednesday's regular trading session.