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Headline : Trump Media stock sinks 15% as post-election excitement quickly fades

Read more from the original article on here at qz.com.





Tags : #trump #media #stock #sinks #1525 #postelection #excitement #quickly #fades


No. of Paragraph 11

Shares of Trump Media and Technology Group sank 15% at market open Thursday, paring back some of the company’s election-fueled gains.

Trump Media stock opened at $30.48 per share. While shares had surged almost 40% in pre-market trading Wednesday in the aftermath of Donald Trump’s election victory, the company — which owns the president-elect’s Donald Trump’s social media platform Truth Social — saw the gains fade quickly.

Its stock closed up more than 5% Wednesday and ended the trading day with a per share value of $35.96.

In the weeks leading up to Election Day, DJT stock saw all kinds of volatility: It sunk by double digits last week as polls showed Democratic nominee Kamala Harris gaining ground in a number of battleground states, and then pared back those losses early this week in a renewed bout of “pre-election euphoria.” 

Read more from the original article on here at qz.com.


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