Trump Media shares soar as DJT stock pares losses

Trump Media shares soar as DJT stock pares losses

In this photo, a smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024.

Anna Barclay | Getty Images

The share price of Trump media closed nearly 26% higher on Thursday, the second day of strong trading gains for the Truth Social app owner.

DJT shares gained $6.79 per share on Thursday to close at $33.19, up 25.72%.

More than 17.3 million shares of Trump Media changed hands throughout the day, giving the company a market capitalization of $4.5 billion.

Shares of Trump Media closed more than 15% higher on Wednesday.

The big gains came after a 20% drop in the stock price compared to last week, followed by an 18% plunge on Monday and a more than 14% drop on Tuesday.

Stock chart iconStock chart icon

DJT in the last five days

Early Thursday, the company notified the Securities and Exchange Commission of an update to its website that gives shareholders tips on how to prevent their shares from being lent to short sellers who would then use them to bet on price declines.

Source link

2024-04-18 21:10:48