The stock, DJT fell 7.9% in premarket trading to $37.05. DJT dropped 22% on Wednesday, its biggest decline since April. But it’s still up almost 150% this month, through Wednesday’s close.
Trump Media shares have been increasingly volatile this year and plummeting to just below $12 last month. Trading in the stock was briefly halted earlier this month, after Trump Media’s shares fell by more than 14% after previously trading up more than 13%. The stock appears to be rallying amid a shift in Trump’s election odds, with recent jumps Its value has also been tied to other moments during Trump’s campaign, including a 13% surge after debating President Joe Biden and a 10% dip after debating Harris.
The meme stock will continue raiding roller coaster, Any bad news for Trump will see the stock falling like rain but if it is good news, we could see the rocket drive the price higher, it is a buy the rumor, sell the fact scenario, potentially leading to a significant post-election decline.
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