News@lemmy.worldEnglish · 2 months ago

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

www.cnbc.com

226

Trump Media shares fall nearly 10% after DJT plunge triggers trading halt

www.cnbc.com

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 2 months ago

Trading in Trump Media shares was briefly halted due to volatility, after the Truth Social owner's stock suddenly plunged in price.

Trump Media shares closed down nearly 10% after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.
DJT stock, which had been up more than 13% earlier in the afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred.
The stock drop came during the highest-volume day for Trump Media since it started publicly trading on the Nasdaq following a business merger with a blank-check firm.

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mosiacmango@lemm.ee
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2 months ago
There are breakers on individual stocks now in both directions I believe. It’s not a market wide stop.

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