The stock for Trump Media & Technology Group Corp stood at $34.35 per share Tuesday afternoon.
Ahead of election night, former President Donald Trump's media company stock was halted amid a sudden and steep selloff Tuesday afternoon.Stock for Trump Media & Technology Group Corp. stood at $34.35 per share Tuesday afternoon after falling 15 percent in roughly 15 minutes. Trump Media & Technology, which operates Trump's Truth Social media platform, rose significantly earlier in the day as voters began to cast their ballots across the country.
Analysts have cautioned investors from taking a stake in what is considered by many to be a high-risk stock.'Trump Media's stock has surged 200 percent this past month, tracking election polls that show Donald Trump narrowing his lead gap with Kamala Harris,' wrote Uttam Dey, another SeeingAlpha analyst. 'The stock is treated like a meme stock, fluctuating with election sentiment rather than real financial metrics, making it a high-risk bet for investors.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Media shares surge up to 20% after Trump rally in New York CityShares of Donald Trump’s social media company rocketed up as much as 20% on the day after the Republican presidential nominee’s campaign rally in…
Read more »
Trump Media stock is halted after sudden plunge in DJT sharesTrading in Trump Media, owner of Truth Social, was halted briefly on Tuesday after the stock suddenly plunged.
Read more »
Donald Trump is a Wannabe Dictator and “Unserious Man,” Kamala Harris Says in Media BlitzThe Democratic nominee and Howard Stern, a former friend of Donald Trump, lambasted the former president during a radio appearance Tuesday.
Read more »
Donald Trump’s reason for quitting football mocked as ‘soft,’ ‘racist’ on social mediaThis is probably one answer the former president would like to have a do-over on.
Read more »
Donald Trump's Team Denies He's 'Exhausted' as He Ducks Media InterviewsDonald Trump's team has denied claims that he is turning down media interviews because he is 'exhausted.'
Read more »
Donald Trump Says He's Fine If Someone Shoots 'Fake News Media' at RallyDonald Trump's not worried about another assassination attempt ... saying the media at his rally Sunday was standing in the way of any bullets -- and, he's fine with them being shot.
Read more »