Trump Social Media Stock Soars on First Day of Trading

Published on March 26, 2024

Former President Donald Trump’s social media company got off to a hot start on its first day of trading, showcasing a buying frenzy to scoop up shares. Trump Media & Technology Group shares, trading as DJT on the Nasdaq Composite Index, surged as much as 52 percent in the opening minutes of the March 26 trading session, with millions of shares trading hands. Activity was so immense that the stock experienced a brief trading halt due to volatility. DJT shares endured a massive pullback toward the closing bell. At the end of the session, the stock rose $8.04, or 16.10 percent, to $57.99 a share....

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