Trump Media, which trades as DJT, has been slumping since it surged immediately after the former president was nearly assassinated in July.
Shares of former President Donald Trump’s social media company on Monday touched their lowest price since they began public trading on the Nasdaq nearly five months ago after a merger. Trump Media, the company that owns the Republican presidential nominee’s preferred social messaging platform Truth Social, traded below $22.40 per share before noon ET, a nearly 3% decline on the day.
The historic switch flipped betting markets’ views on who will win in November. Harris is now favored over Trump. Trump Media has said in regulatory filings that its success is at least partly tied to Trump’s popularity and reputation. Some Trump supporters seem to treat the company’s stock as a way to support the former president or bet on his chances of winning a second term. On Aug.
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