Shares of Trump Media & Technology Group (DJT) tumbled Wednesday morning following the presidential debate between Vice President Kamala Harris and former President Donald Trump.
Shares of Trump Media & Technology Group Corp. DJT, the holding company of the Truth Social platform, plunged in premarket trading.
After the news broke out that the former United States president and current presidential candidate Donald Trump has regained popularity over his rival, Vice President Kamala Harris on prediction markets, the price of Trump Media (NASDAQ: DJT) stock has reacted accordingly.
Shares of Trump Media & Technology Group , majority-owned by former U.S. President Donald Trump, jumped nearly 5% on Monday after a poll showed the Republican candidate is in a tight race against Vice President Kamala Harris for the White House.
Shares of Trump Media, which is majority owned by Republican nominee Donald Trump, climbed more than 7% Monday, a respite from the stock's two-months-long losing streak. A new national poll on Sunday showed Trump and Democratic nominee Kamala Harris neck-and-neck in the race for the White House.
Trump Media & Technology Group Corp. DJT shares climbed in premarket trading on Monday following their 12% pullback last week when they retreated along with the broader market.
Lockup agreements are ending this month, which could see the stock fall even lower if insiders sell their shares. The company's active user count is likely modest, and Trump Media doesn't even think it's worth reporting many key metrics.
Trump Media stock lost ground amid rising economic concerns this week. Trump's continuing to post on X is diminishing some of the appeal of his company's Truth Social platform.
The date on which former President Donald Trump is eligible to offload shares in his social media company is rapidly approaching—though when it finally comes, it's likely to offer far less of a treasure than it was earlier this year.
Stock's recent loss marks 17th drop out of the past 20 trading days.
The value of Donald Trump's Truth Social stake has tanked by about $4 billion since May. The ex-president may face further declines when stock-selling restrictions ease later this month.
Shares of the parent company of Donald Trump's social media platform Truth Social hit an all-time low on Wednesday after it went public earlier this year. Trump Media & Technology Group Corp (NASDAQ:DJT) (TMTG) shares closed at $16.98 on Wednesday marking an almost 80% drop from its high of $79.38 in March.