Trump Media stock sinks to post-merger low
Posted: Sat Apr 06, 2024 6:23 pm
Trump Media stock sinks to post-merger low
Read more here:
https://www.cnn.com/2024/04/05/business ... index.html
CNN
Shares of Truth Social owner Trump Media & Technology Group tumbled 12% on Friday, sinking to their lowest level since the company went public last week.
The selloff has erased nearly $2 billion from the value of former President Donald Trump’s stake in the company this week.
Trump Media shared surged to as high as $79.38 on March 26, the day trading began on the Nasdaq under the ticker symbol “DJT.”
Since then, the Truth Social owner’s share price has plunged by 49% to the closing price of $40.49 on Friday.
Trump Media’s shares have lost about a third of their value this week. Despite this week’s losses, Trump Media shares have still spiked by more than 130% so far this year.
Read more here:
https://www.cnn.com/2024/04/05/business ... index.html
CNN
Shares of Truth Social owner Trump Media & Technology Group tumbled 12% on Friday, sinking to their lowest level since the company went public last week.
The selloff has erased nearly $2 billion from the value of former President Donald Trump’s stake in the company this week.
Trump Media shared surged to as high as $79.38 on March 26, the day trading began on the Nasdaq under the ticker symbol “DJT.”
Since then, the Truth Social owner’s share price has plunged by 49% to the closing price of $40.49 on Friday.
Trump Media’s shares have lost about a third of their value this week. Despite this week’s losses, Trump Media shares have still spiked by more than 130% so far this year.