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.
Trump Media & Technology (DJT) stock price has imploded. It has crashed to $17, its lowest point since January, and by almost 80% from its highest point earlier this year.
Trump Media stock (DJT) just completed a 100% reversal back to where it started in January 2024. Do not expect a rebound of excitement and expectations.
Trump Media shares closed Wednesday below where they ended 2023.
Republican presidential nominee Donald Trump's family's nascent crypto venture appeared to fall prey to a hack Tuesday. Shortly after 8:15 p.m.
Bears and Trump bashers are underestimating TMTG's long-term potential. Polls often have internal flaws that result in lower numbers for Republican candidates such as Donald Trump. For a number of reasons, Trump may not sell stock when the lock-up period ends this month.
Last Thursday (August 30), a news report described this Sarasota, Florida, court's denial of Trump Media's request: (Underlining is mine)
Shares of Trump Media & Technology Group — the company that runs Trump's Truth Social app — have plummeted. Trump Media/Truth Social is a meme stock, so that's not a total shock.
Trump Media & Technology Group Corp.'s stock fell 5% on Wednesday to drop below $20 a share for the first time since the company merged with a special-purpose acquisition company earlier this year.
Trump Media has tumbled to its lowest levels since the stock made its debut in March. Donald Trump will be allowed to sell the embattled shares in September.