Trump Media Stock Trading Halted Temporarily Due to Volatility

Published on October 15, 2024

Trading in shares of Trump Media, the parent company behind Truth Social, was briefly halted in the afternoon of Oct. 15 after a large price drop in a heavy and volatile trading session. Shares in Trump Media and Technology Group, which trades under the stock ticker DJT, surged by more than 13 percent by the early afternoon and were on pace for the stock’s highest close since July, before a sharp selloff sent it plunging, triggering a five-minute trading halt at around 2:42 p.m. ET. Trading resumed at 2:47 p.m., with DJT shares extending their slide to around 14 percent by 3:40 p.m., at a price of $25.80 per share. During the session, which saw unusually high trading volume with more than 80 million shares trading hands by mid-afternoon, DJT stock briefly touched levels as high as around $34 per share....

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