Trump Media stock continued to sink Thursday, closing down 3.6%, at $16.07 per share — its lowest close since the company debuted on the Nasdaq in March.
Shares of Trump Media, which trades under the ticker"DJT," are down nearly 14% since the first presidential debate on Tuesday night in Philadelphia between former President Donald Trump and Vice President Kamala Harris. Trump announced Thursday that he would not be doing another debate in a post on Trump Media's social media app, Truth Social.on both the political left and the right. Trump has repeatedly claimed that he came out on top in Tuesday's face-off.
But the slide in Trump Media shares — which often rise and fall in line with Trump's political fortunes — suggests that investors may not be convinced that Trump won the debate.Harris had challenged Trump to a second round moments after the candidates left the stage Tuesday night. But Trump, claiming victory Thursday,
Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyThe former president owns nearly 57% of Trump Media's stock. Later this month, he will have the opportunity to sell his stake when the"lock-up"that prevent him from selling his shares are lifted. It is unknown whether Trump will choose to sell or hold his shares.
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Source: CNBC - 🏆 12. / 72 Read more »