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shares Trump Media Shares in the company fell on Monday, one day after an apparent assassination attempt on Donald Trump, the company’s majority shareholder, at a Florida golf course.
The stock, trading under the symbol “DJT,” opened slightly higher but fell more than 4% by mid-morning. As of 11:00 a.m. ET, Trump Media’s stock price was approximately $17.23 per share.
Shortly before 2 p.m. on Sunday, U.S. Secret Service agents discovered a rifle and shot a man near Trump’s golf course in West Palm Beach, where the Republican presidential nominee was playing.
Officials later arrested Ryan Wesley Routh, 58, after he fled the scene. He is in custody and will make his first appearance in federal court on Monday.
As soon as the agents heard the gunshots, they immediately transported Trump to a safe location.
“I want to thank everyone for their concern and well wishes – it’s been a fun day indeed!” Trump releases Late Sunday night, Trump Media’s Marquis product social media app Truth Social.
Sunday’s assassination came just two months and two days after an assassination attempt on Trump on July 13 at a campaign rally in Butler, Pennsylvania.
After the Butler shooting, the stock price of Trump Media Company soared on the first day of trading, closing up more than 30% on July 15.
Shares also fell on Monday morning after Trump announced on Friday that he would not sell his 57% stake in the company.
Trump and other company insiders are prohibited from selling shares in Trump Media, but those restrictions are set to expire on Thursday.
“No, I’m not selling,” Trump told reporters on Friday at his golf club in Palos Verdes, California.
The stock soared 25% following the news, and trading activity at Trump Media was briefly halted twice due to volatility.
At Friday’s close, the stock rose 11% to $17.97 per share. At this price, Trump’s 114,750,000 shares in the company are worth more than $2 billion.
But even after Friday’s gains, the stock closed just above its opening price for the week.
Shares fell nearly 14% and hit record lows on Wednesday and Thursday following the first presidential debate between Trump and his Democratic rival, Vice President Kamala Harris.
The Trump media has often acted as a surrogate for Trump’s political fortunes, and although Trump continues to claim victory in the September 10 debate, political experts and strategists agree that Harris won.
As of 11:00 a.m. ET on Monday, the stock had fallen more than 55% since its latest high in July following the first assassination attempt. The stock fell 74% when it debuted on Nasdaq in March.
Trump Media’s market value was about $3.4 billion as of mid-morning Monday.
This is a developing story, please check back for updates.
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