49 views 14 secs 0 comments

Trump Media shares close more than 15% higher after days of declines

In Business
April 17, 2024

Jonathan Raa | Nurphoto | Getty Images

Trump Media closed more than 15% higher Wednesday.

The big bump for DJT followed two days of share losses on the Nasdaq.

Trump Media, which owns the Truth Social app, closed more than 14% lower on Tuesday, and more than 18% on Monday.

On Wednesday, DJT shares closed at $26.40, an increase of $3.56 per share, or nearly 15.6% higher.

The company, whose majority shareholder is former President Donald Trump, began public trading on March 26 with an opening price of more than $70 per share.

Since then, the share price has plummeted.

Trump Media, whose market capitalization is $3.6 billion, had revenue of just $4.1 million last year.

Don’t miss these exclusives from CNBC PRO

EMEA Tribune is not involved in this news article, it is taken from our partners and or from the News Agencies. Copyright and Credit go to the News Agencies, email news@emeatribune.com Follow our WhatsApp verified Channel210520-twitter-verified-cs-70cdee.jpg (1500×750)

Support Independent Journalism with a donation (Paypal, BTC, USDT, ETH)
whatsapp channel
Avatar
/ Published posts: 32621

The latest news from the News Agencies