Three names stood out among Wednesday’s decliners heading into the close. Trump Media & Technology Group (NASDAQ:DJT), Joby Aviation (NYSE:JOBY | JOBY Price Prediction), and Archer Aviation (NYSE:ACHR) all finished the regular session sharply lower, with declines ranging from roughly 5% to more than 7%. With the VIX sitting near 15, today’s weakness reads as company and sector-specific rather than a broad market event.
Trump Media Extends A Rough Week
DJT is trading around $8.27, down roughly 7% on the day and about 17% over the past week. There is no single clean catalyst tied to today’s move. The stock is still absorbing a run of headline pressure that started with Monday’s earnings, when the company posted a Q2 net loss of $238.11 million on just $1.70 million of revenue, driven by $190.40 million in non-cash unrealized losses on digital assets and equity securities.
Layered on top of that earnings report: Truth Social monthly visitors have declined roughly 36% compared to the prior year, the new Truth API service that sells fast access to posts for up to $100,000 per month has drawn SEC probe requests from Senators Warren and Schiff and a proposed “Stop Corrupt Trading Act”, and management is pivoting away from crypto arrangements toward a proposed merger with fusion energy firm TAE Technologies, targeted to close in Q4 2026.
Joby Slides As The eVTOL Group Pulls Back
Joby is changing hands near $7.96, off about 5%. The company announced a $500 million acquisition of defense firm Resonant Sciences for $500 million yesterday. The acquisition included $450 million in cash and $50 million in Joby stock. That matters because Joby is still largely a pre-revenue company, so it’s a significant use of cash. Peer Archer Aviation (NYSE:ACHR) is down roughly 7% to $6.29. Both names ran hard into this stretch, and today looks like classic profit-taking across the group.
Archer is still up roughly 21% over the past week and about 38% over the last month even after today’s slide. Joby’s own Q2 revenue of $38.6 million beat consensus by roughly 27%, and management raised full-year 2026 revenue guidance to $115 million to $125 million. GAAP EPS of -$0.25 missed expectations, and the H2 2026 cash usage guide of $385 million to $415 million has given traders reason to trim. Joby is now down roughly 40% YTD.
What To Watch
DJT needs to stabilize above $8 to slow the bleeding after this week’s slide. For Joby and Archer, Thursday’s session will show whether today’s move was a one-day cool-off in a still-hot group.
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