- The price of Trump Media shares rose more than 10% in early trading.
- 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 shares rise more than 10% in early trading after days of declines
The price of Trump Media shares rose 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 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.
This is breaking news. Please check back for updates.
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