Trump Media shares rise more than 10% in early trading days of declines

Trump Media, whose majority owner is former President Donald Trump, has seen its share price plummet since late March. It owns the Truth Social app.

Tfoso Tfoso
Apr 17, 2024 - 21:05
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Trump Media shares rise more than 10% in early trading days of declines

Jonathan Raa | Nurphoto | Getty Images

The price of Trump Media shares rose by more than 10% in early trading Wednesday.

The big bump for DJT followed two days of share losses on the Nasdaq.

Trump Media, which owns the Truth Social app, closed more than 14% lower on Tuesday, and by 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 plummeted. Even with the sharp rise early Wednesday, DJT was trading for less than $25 per share as of 10:04 a.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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