Stock in Trump’s Media Company (DJT) went on a Rollercoaster ride on Tuesday, with Officials briefly pausing Trading due to Volatility, according to a Nasdaq Alert.
First, Trump Media & Technology Group (TMTG), the Parent company of Trump’s Truth Social Platform, seemed set to continue on its recent Hot Streak, which saw the Share Price increase by 18% on Monday, and then another roughly 10% on Tuesday Morning.
However, around 2:20pm ET, the Share Price began to Plunge dramatically, falling from $31.34 to a low of $26.61 just 25 minutes later. Officials instituted a Five-minute Pause in Trading at 2:42 due to the Volatility.
As of Tuesday afternoon, about 15 minutes before the Close of the Market, Shares stil hadn’t Recovered, Trading at just over $26, less than half of the company’s Record Price from late March after going Public, but still a welcome Improvement over when the Firm hit just $12.15 a share on September 23rd.
The Stock often Trades as an Unofficial Poll on Trump, rather than a sober reflection on the Business Reality, according to Experts. The company posted a more than $16m Loss in the Second Quarter, with Revenues of less than $1m. “This stock has never traded on fundamentals, but is a barometer for both Trump and Trump’s followers,” Kristi Marvin, Founder of SPACInsider, said. “And in the same way people can now bet on Trump and the election on sites like Polymarket, people can also bet on Trump via the stock market.”
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