Trump Media plummets 22%, cutting into DJT rally days before election

Trump Media plummets 22%, cutting into DJT rally days before election


Aytac Unal/ | Anadolu | Getty Images

Shares of Trump Media dropped more than 22% Wednesday, pouring cold water on a remarkable rally that added billions of dollars to former President Donald Trump’s on-paper net worth in the run-up to the 2024 election.

DJT stock, which closed at $51.51 per share on Tuesday, was trading under $40 around noon ET Wednesday.

Trump, the Republican presidential nominee, owns nearly 57% of the company, according to recent regulatory filings.

His stake as of midday Wednesday was worth around $4.5 billion — nearly $1.4 billion lower than where it stood Tuesday afternoon.

Trump has vowed not to sell his shares.

Stock Chart IconStock chart icon

hide content

Trump Media (DJT) Stock Price

This is developing news. Please check back for updates.

Read more CNBC politics coverage



Source

Merkley proposes prediction market ban for government officials after Maduro, Iran bets
Politics

Merkley proposes prediction market ban for government officials after Maduro, Iran bets

U.S. Sen. Jeff Merkley (D-Ore,) speaks during a press conference addressing a new policy that demands recipients of foreign military aid to follow international humanitarian law at the U.S. Capitol in Washington, U.S., February 9, 2024. Nathan Howard | Reuters Payouts to unnamed bettors after the ouster of former Venezuelan President Nicolás Maduro and the […]

Read More
Is Cuba next? What the fallout from the Iran war means for Havana
Politics

Is Cuba next? What the fallout from the Iran war means for Havana

Cuba’s President Miguel Diaz-Canel (C) takes part in the “Anti-Imperialist” protest in front of the US Embassy against the US incursion in Venezuela, where 32 Cuban soldiers lost their lives, in Havana on January 16, 2026. Yamil Lage | Afp | Getty Images “Cuba’s next,” said Sen. Lindsey Graham, a Republican and ally of U.S. […]

Read More
Why Iran war oil price shock won’t stop Fed pick Kevin Warsh from cutting interest rates
Politics

Why Iran war oil price shock won’t stop Fed pick Kevin Warsh from cutting interest rates

The war in Iran has caused oil prices to spike, prompting concerns about a resurgence of inflation. That has led Federal Reserve officials to raise the possibility that they may pause the Fed’s recent efforts to lower interest rates, or potentially even raise rates. But that is the Fed as it’s now known. The central […]

Read More
Powered by WordPress | WP Magazine by WP Mag Plus