Trump Media shares soar as DJT stock pares losses

Politics

In this photo, a smartphone displays the logo of Donald Trump’s Truth Social app on March 25, 2024.

Anna Barclay | Getty Images

The share price of Trump Media closed nearly 26% higher Thursday, the second day of strong trading gains for the owner of the Truth Social app.

DJT shares gained $6.79 per share Thursday to close at $33.19, a gain of 25.72%.

More than 17.3 million shares of Trump Media changed hands during the day, which ended with the company’s market capitalization at $4.5 billion.

Trump Media shares closed more than 15% higher on Wednesday.

The big gains come after a 20% drop in the share price over last week, followed by an 18% plunge on Monday, and a more than 14% dip Tuesday.

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DJT past five days

Earlier Thursday, the company notified the Securities and Exchange Commission of an update to its website, which gives shareholders tips on how to avoid their stock being loaned to short sellers who would then use it to bet on price drops.

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