Trade with Trump media The share price was halted multiple times on Tuesday morning as a consequence of volatility as the corporate, majority owned by Donald Trump, bounced in early trading.
The company, which trades on the Nasdaq as DJT, was stopped for five minutes at 9:36 a.m. ET, when shares rose about 14%.
Trading was halted a second time at 9:42 a.m., with shares rising nearly 9%. At 9:50 a.m. the corporate was stopped again
Nearly 16 million shares of Trump Media modified hands in the primary 10 minutes of trading. As of 10:15 a.m., the corporate had already surpassed its 30-day average trading volume of 35.1 million shares.
Trump Media (DJT) stock price.
The volatile session got here after DJT shares had already surged greater than 21% on Monday on extremely high trading volume.
Those gains added to a pre-election stock rally that began in late September after a months-long selloff pushed the corporate's share price below $12.
Just over a month later, Trump Media shares were trading at greater than 4 times that price.
The stock is up 224% to this point this month and is heading in the right direction for its best month since October 2021, when blank-check company DWAC announced its plan to merge with Trump's then-private media company.
That merger, which took Trump Media public, was accomplished in late March.
The company's shares are actually well above their recent peak in mid-July, when shares soared after the Republican presidential candidate narrowly survived an assassination attempt.
Trump owns almost 57% of the corporate that operates the Truth Social platform. According to the filing, his stake was value over $5.4 billion at Monday's closing price, greater than half his net value on paper Forbes.
At the opening bell on Tuesday, the previous president's stake was value over $6 billion.
Despite losing a whole lot of tens of millions of dollars in recent fiscal quarters as a consequence of low revenue, Trump Media boasts a market cap of over $10 billion.
Analysts expect the corporate's many pro-Trump retail investors to be buying shares to support the previous president or bet on his probabilities of beating Democratic presidential candidate Kamala Harris.
Monday's surge followed Trump's large campaign rally at Madison Square Garden in New York City.
The company's gains also coincided with political betting markets like Polymarket and Kalshi favoring Trump over Harris in recent weeks.
Odds and gambling platforms don’t use the identical methods as traditional political polls and are subsequently not a substitute for political polls. Critics fear that election betting markets are being manipulated.
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