December 26, 2024

In this photo illustration, Republican presidential candidate former President Donald Trump’s social media platform Truth Social is shown on a mobile phone on March 25, 2024 in Chicago, Illinois.

Scott Olson | Getty Images

trade Trump Media Shares of Truth Social were briefly halted Tuesday amid volatility after the company’s owner’s stock price suddenly plummeted.

Shares continued to fall after a five-minute trading halt at 12:47 p.m. ET.

The stock had risen more than 13% early Tuesday afternoon, but suddenly fell more than 6% on the day of the trading halt.

The sharp moves came during an extremely high-volume trading session, with more than 76 million shares traded as of 3 p.m., several times the company’s 30-day average trading volume.

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