Trump Media Stock Price Drops 8.43% as Market Cap Hovers Above $5 Billion

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Trump Media,Stock Price,Market Capitalization

The share price of Trump Media stock closed at $37.17, an 8.43% drop, leaving its market capitalization hovering just above $5 billion. Trump Media's market cap, which had hit around $8.4 billion after it began trading in late March, ended Monday at $5.08 billion.

The share price of Trump Media stock closed at $37.17, an 8.43% drop, leaving its market capitalization hovering just above $5 billion.

Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company.'s bleak start to the trading week on the Nasdaq stock exchange came on the heels of a 12% decline in itsBut it has slumped since then. At times on Monday, the stock's price was down 10% or more.

Trump personally owns 78.75 million shares of its stock, which was worth about $2.93 billion at Monday's close, on paper at least.

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