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Trump Media shares rise more than 10% in early trading days of declines

In Business
April 17, 2024

Jonathan Raa | Nurphoto | Getty Images

The price of Trump Media shares rose by more than 10% in early trading 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 by more than 18% on Monday.

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. Even with the sharp rise early Wednesday, DJT was trading for less than $25 per share as of 10:04 a.m. ET.

Trump Media, whose market capitalization is more than $3.4 billion, had revenue of just $4.1 million last year.

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