Jonathan Raa | Photo only | Getty Images
The price of Trump media Shares rose more than 13% in Wednesday afternoon trading.
The big bounce for DJT followed two days of losses on the Nasdaq.
Trump Media, which owns the Truth Social app, closed down more than 14% on Tuesday and down more than 18% on Monday.
The company, whose majority shareholder is former President Donald Trump, began public trading on March 26 with an opening price of more than $70 per share.
Since then, the share price has fallen sharply. Despite the sharp rise early Wednesday, DJT was trading for less than $26 per share as of 12:56 p.m. ET.
Trump Media, whose market capitalization is more than $3.4 billion, had revenue of just $4.1 million last year.
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2024-04-17 16:56:09
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