Diamond Member Pelican Press 0 Posted April 12, 2024 Diamond Member Share Posted April 12, 2024 Trump Media shares drop more than 6% after trading day begins Jonathan Raa | Nurphoto | Getty Images The price of Trump Media shares quickly dropped by more than 6% in the first half hour of trading Friday morning. The latest price fall for DJT continued a slide that included a 5.4% drop on Thursday, and a more than 8.5% decline on Wednesday. The shares of Trump Media, which owns the Truth Social app, have dropped by more than 47% month-to-date. Former President Donald Trump is the biggest shareholder in the company, owning nearly 60% of its stock. Trump Media began public trading of its shares on March 26, with an opening price of $70.90, hitting a high of nearly $80 later that same day. The company a day earlier had merged with a publicly traded shell company, Digital World Acquisition Corp., which was itself created to merge with a private firm to take it public. This is developing news. Check back for updates. Read more CNBC politics coverage This is the hidden content, please Sign In or Sign Up Breaking News: Politics,Politics,Breaking News: Markets,Markets,Social media,Business,Trump Media & Technology Group Corp,Donald Trump,Donald Trump,business news #Trump #Media #shares #drop #trading #day #begins This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/14865-trump-media-shares-drop-more-than-6-after-trading-day-begins/ Share on other sites More sharing options...
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