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.

Trump Media (DJT) Stock Price

This is developing news. Please check back for updates.

Read more CNBC politics coverage

Source

Politics

What to expect from the next round of U.S.-Iran talks as Trump threatens Tehran

February 25, 2026

U.S. President Donald Trump delivers the State of the Union address during a joint session of Congress in the House Chamber at the Capitol on February 24, 2026 in Washington, DC. Trump delivered his address days after the Supreme Court struck down the administration’s tariff strategy, and amid a U.S. military buildup in the Persian […]

Politics

Why Chile is the latest LATAM country to be caught in a U.S.-China power struggle

February 25, 2026

View of the city of Santiago and the Andes Mountains, taken from the Metropolitan Park on July 2, 2024. Rodrigo Arangua | Afp | Getty Images Chile is the latest Latin American country to have become embroiled in a U.S.-China power struggle. The country, which counts Washington as its top foreign investor and Beijing as […]

Politics

State of the Union: Trump to announce plans for new tax cuts through budget reconciliation

February 24, 2026

President Donald Trump speaks during an event to honor “Angel Families” who have lost family members to crimes committed by people in the country illegally, at the White House in Washington, Feb. 23, 2026. Evelyn Hockstein | Reuters President Donald Trump is set to call for a new tax cut proposal during his State of […]