Nearly 8% of Trump Media's stock has been closed, but the post-sell-off rally continues.

• On Wednesday, the stock of Trump Media & Technology Group experienced a nearly 8% increase in shares, continuing its post-sell-off rally.
• The stock's market capitalization reached nearly $7 billion on Wednesday, despite initially sinking more than 6% mid-morning before closing up 7.92% at $39.25 per share.
• The stock price of Trump Media, which is traded under the symbol "DJT," dropped by almost 50% in the three weeks following the conviction of former President Donald Trump, who is also the majority shareholder of the company.

On Wednesday, the stock's shares experienced a nearly 8% decline, contributing to its post-sell-off rally.

On Wednesday, the stock initially dropped over 6% in the morning but ended the day with a 7.92% gain, closing at $39.25 per share.

The stock price of Trump Media, which is traded under the symbol "DJT," dropped by almost 50% in the three weeks following the conviction of former President Donald Trump, who is also the majority shareholder of the company.

Last week, the sell-off of the company's stock continued after the U.S. Securities and Exchange Commission declared the effectiveness of its registration of additional shares, causing the stock to plummet in after-hours trading on June 18.

Last Thursday, shares of Trump Media closed at $26.75, their lowest level since April. However, the stock began to rebound on Friday and by Tuesday had surged more than 36% from Thursday's close. Wednesday's move brought its recent gains to over 45%.

Despite Trump's conviction on May 30, the stock remains 23% below its previous value.

Since its public trading on March 26, Truth Social's parent company, Trump Media, has experienced wild swings in stock prices, including Wednesday's sudden drop, without any clear explanation.

The company's latest earnings report, filed in May, revealed a net loss of $327.6 million and total revenue of $770,500 for the first quarter of the year. Despite this, Truth Social has been struggling to retain its user base, and the company has warned investors that a change in usage from its most well-known user, Trump, could have a "material adverse effect" on the platform.

The former president has a nearly 65% stake in Trump Media, but he is unable to sell any of his 114,750,000 shares until the postmerger lock-up period ends in late September.

Nearly $7 billion was Trump Media's market capitalization at Wednesday's close.