Trump Media Stock Rebounds After Post-Guilty Verdict Decline

Published on June 25, 2024

Shares of Trump Media, the parent company of former President Donald Trump’s Truth Social platform, have soared significantly this week. The stock, which trades under the DJT ticker on Nasdaq, rose about 21 percent on Monday and was up about 10 percent on Tuesday morning. The stock saw a decline during the early morning trading period, but was still up by about 3 percent as of 11 a.m. ET, when it was trading at more than $34.50 per share. The stock closed Friday at around $27. Since going public in March, following a merger with a blank-check company, Trump Media’s stock has seen volatile swings. Shortly after it started trading, the stock soared to nearly $80 per share, but dropped to as low as $22.55 in recent weeks before rising again....

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