09/03/2024

Trump Media Stock Slides below $18

The stock price is down roughly 77 percent from its high

The share price of Trump Media, whose majority shareholder is former president Donald Trump, tumbled Tuesday to the lowest level seen since the Truth Social parent company began public trading in March following a merger.

DJT shares dropped to $17.89 per share around midday Tuesday, The stock's prior low was set August 28, when it hit $19.38 per share. The stock price is down roughly 77 percent from its high of $79.38 per share on March 26, following Trump Media's merger with a publicly traded special purpose acquisition company.

Trump Media's single-day slide of more than 8 percent accompanied a broader market dip on Tuesday, especially for tech companies. Shortly before 2:00 p.m. ET, the Nasdaq was trading 2.7 percent lower, while the Dow Jones Industrial Average and S&P 500 had both declined more than 1 percent.

Please select this link to read the complete article from CNBC.