In this photo, a smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024.
Anna Buckley | Getty Images
The stock price is Trump Media It soared 21% on Thursday before easing slightly in choppy trading.
This is the second consecutive day of strong growth for the owner of the Truth Social app.
DJT shares rose above $31 in early trading, a rise that could squeeze short sellers who have recently bet that the stock price will fall. As of 11:26 a.m. ET, the stock was trading at $29.71, up more than 12.5% from the opening price.
On Wednesday afternoon, Trump Media shares closed up more than 15%.
Shares fell 20% last week, plunged 18% on Monday, and plunged more than 14% on Tuesday before rising sharply.
Earlier Thursday, the company notified the U.S. Securities and Exchange Commission of an update to its website, which provides shareholders with tips on how to avoid having their shares lent to short sellers, who then use them to bet on the stock price. fell.
This is breaking news. Please check back for updates.
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