DJT rally accelerates, Trump Media shares halted due to volatility | Wilnesh News

trade Trump Media Shares of the company, which is majority owned by Donald Trump, were halted multiple times due to volatility Tuesday morning as the company, which is majority-owned by Donald Trump, rebounded in early trading.

The company, which trades on Nasdaq under the symbol DJT, was halted for five minutes at 9:36 a.m. ET, when its shares were up about 14%.

Trading was suspended for the second time at 9:42 a.m., and the stock price rose nearly 9%. The company was suspended again at 9:50 a.m.

Nearly 16 million shares of DJT changed hands in the first 10 minutes of trading.

On Monday, DJT shares surged more than 21% amid heavy trading volume, followed by wild swings.

The gains come during a pre-election stock market rally that began in late September, after a month-long sell-off that sent the company’s shares below $12.

Just over a month later, Trump Media shares were more than four times that price.

The company’s stock price is now well above its recent peak in mid-July, when the Republican presidential candidate narrowly survived an assassination attempt and the company’s stock price soared.

Trump owns nearly 57% of the company, which operates the Truth Social platform. His holdings are worth more than $5.4 billion based on Monday’s closing price, accounting for more than half of his book net worth. Forbes.

The former president’s stake was worth more than $6 billion as of Tuesday’s open.

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