In this photo illustration, Republican presidential candidate former President Donald Trump’s social media platform Truth Social is shown on a cell phone on March 25, 2024 in Chicago, Illinois.
Scott Olson | Getty Images
Trading in Trump Media shares was briefly halted Tuesday due to volatility, after the Truth Social owner’s stock suddenly plunged in price.
Shares continued to fall after the five-minute trading halt lifted at 12:47 p.m. ET.
The stock, which had been up more than 13% earlier Tuesday afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred.
The whipsawing stock price came during an extremely volatile trading session, in which more than 76 million shares had traded hands by 3 p.m. — multiple times the company’s 30-day average trading volume.
That puts the company on pace for the highest-volume day for Trump Media since July 15, the first trading session after the company’s majority owner Donald Trump narrowly survived an assassination attempt.
Trump Media (DJT) Stock Price
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