The Truth social network logo is shown in this photo illustration, taken on December 4, 2023, in Warsaw, Poland.
Yap Arians | Noor Photos | Getty Images
shares Trump Media Shares of the company, majority owned by former President Donald Trump, soared 10% at the open on Monday as the company attempted to rebound from a week-long slump that saw its shares fall by nearly half.
Trump Media, which trades DJT On Nasdaq, the company started the trading day trading around $30 per share and closed Friday at just over $27.
These increases are great news for the company behind Truth Social.
Shares of Trump Media Inc. fell even lower last week after the U.S. Securities and Exchange Commission announced that its registration for a new share offering was effective. The liquidation could result in more shares of the company’s shares outstanding, diluting the stock price.
This is developing news. Please check back for updates.
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