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DJT Stock Halted After Surging at the Open. Here's How Much Trump Made on Election Night

Dow Jones11-06

Trump Media & Technology Group Shares Pare Gains, Last up 6%.

Trump Media & Technology Group stock was halted three times shortly after the market open as it surged following Donald Trump's election victory.

The shares, which trade under the ticker DJT, were up 16% to $39.52 early Wednesday when it was halted for the third time shortly before 9.40 a.m. Eastern time.

Trump's 57% stake in the company was valued at $3.9 billion at Tuesday's close, according to FactSet data. With a 16% jump, if it holds through the day, the value of his stake would soar to $4.6 billion.

The stock has acted as a proxy for Trump's odds of winning the election in recent months and that trend has been even more pronounced in recent days. The shares fell 34% over the five trading days through Tuesday as investors began to have doubts over whether Trump would win the presidency.

But he was confirmed as the winner early Wednesday after the Associated Press projected that Trump will win Wisconsin, taking him beyond the 270 electoral votes needed to win the White House.

With the stock still below its Oct.29 level the shares could climb even higher as investors digest the impact of Trump's presidency.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment3

  • nywles
    ·11-07
    Thanks 
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  • MIe
    ·11-07
    Djt upside as make election rally thank you  speech and take office 
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  • GonnaFly
    ·11-06
    It drop to halt and u says it surged to suspension. Abit wrong info given. 
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