The sudden decline in the stock price of DJT caused a halt in the trading of Trump Media shares.

The sudden decline in the stock price of DJT caused a halt in the trading of Trump Media shares.
The sudden decline in the stock price of DJT caused a halt in the trading of Trump Media shares.
  • The stock price of Truth Social, the owner of Trump Media, suddenly dropped, causing a brief halt in trading.
  • Earlier in the afternoon, the stock had risen more than 13%, but it suddenly dropped more than 6% before the halt.
  • On the day with the highest volume of trading for Trump Media since July 15, the stock drop occurred after Donald Trump survived an assassination attempt.

The sudden drop in the price of Truth Social owner's stock caused a brief halt in trading of shares on Tuesday due to volatility.

After the five-minute trading halt at 12:47 p.m. ET, shares continued to decline.

Earlier Tuesday afternoon, the stock had risen more than 13%, but it suddenly dropped more than 6% before the halt.

The stock price fluctuated wildly during a highly volatile trading session, with over 76 million shares exchanged by 3 p.m., significantly exceeding the company's 30-day average trading volume.

Since the assassination attempt on majority owner Donald Trump, Trump Media has been on track to achieve its highest-volume day since July 15.

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by Kevin Breuninger

Politics