Trump Media shares close more than 15% higher after days of declines

18/04/2024

Trump Media closed more than 15% higher.
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.
Donald Trump owns nearly 60% of the company’s shares.

Trump Media closed more than 15% higher 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 more than 18% on Monday.

On Wednesday, DJT shares closed at $26.40, an increase of $3.56 per share, or nearly 15.6% higher.

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.

Trump Media, whose market capitalization is $3.6 billion, had revenue of just $4.1 million last year.

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