Trump Media stock experiences a decline following the second suspected assassination attempt in Florida.

Trump Media stock experiences a decline following the second suspected assassination attempt in Florida.
Trump Media stock experiences a decline following the second suspected assassination attempt in Florida.
  • On Monday, shares of Trump Media decreased, following the assassination attempt on Donald Trump, the company's majority shareholder, on a Florida golf course the previous day.
  • The assassination attempt on Trump at a campaign rally in Butler, Pennsylvania on July 13 was two months and two days ago. On the first trading day after the attempt, shares of Trump Media dropped more than 30%.
  • On Friday, Trump declared that he would not sell his 57% stake in the company after lockup restrictions expire this week.

On Monday, shares of slid after it was reported that Donald Trump, the company's majority shareholder, was unharmed in an apparent assassination attempt on a Florida golf course.

At 11:00 a.m. ET, Trump Media was trading around $17.23 per share. The stock, which trades under the ticker "DJT," opened slightly up before sinking more than 4% by mid-morning.

On Sunday at approximately 2 p.m., a rifle was discovered near the property line of Trump's golf course in West Palm Beach, prompting U.S. Secret Service agents to open fire on an individual.

Ryan Wesley Routh, a 58-year-old man, was arrested by officials following a fleeing incident. He is currently in custody and made his first appearance in federal court on Monday.

The agents immediately transported Trump to a secure location as soon as they heard gunfire.

Trump Media's marquis product, the social media app Truth Social, was used by Trump to post late Sunday night, expressing gratitude for everyone's concern and well wishes. He added that the day had been certainly interesting.

Two months and two days after Trump survived an assassination attempt at a campaign rally in Butler, Pennsylvania on July 13, the attempt on Sunday was made.

On July 15, the stock price of Trump Media increased by over 30% on its first day of trading following the Butler shooting.

On Monday morning, the stock price of the company slid down, coinciding with Trump's revelation on Friday that he would not divest his 57% stake in the company.

On Thursday, the lockup restrictions that prevent Trump and other insiders from selling their shares in Trump Media will expire.

On Friday, at his golf club in Palos Verdes, California, Trump stated to reporters that he was not selling.

Following the announcement, the stock surged by as much as 25%, and trading activity for Trump Media was briefly halted twice due to volatility.

On Friday, Trumps' 114,750,000-share stake in the company was worth more than $2 billion as shares closed up 11% at $17.97 per share.

Despite Friday's gains, the stock finished the week with only a slight increase from its opening price.

On Wednesday and Thursday, the stock market experienced a significant decline, with shares sliding nearly 14%, after the first presidential debate between Donald Trump and Kamala Harris.

While Trump maintains his claim of victory in the Sept. 10 debate, political analysts and strategists concur that Harris emerged as the stronger candidate.

Since its most recent high in July, the stock had fallen more than 55% by 11:00 a.m ET Monday, following the first assassination attempt. By that time, shares had dropped 74% from their March public trading debut on the Nasdaq.

On Monday morning, Trump Media's market capitalization was approximately $3.4 billion.

This is a developing story, please check back for updates.

by Josephine Rozzelle

Politics