Trump Media & Technology Group stock hit another record low closing price on Thursday, continuing to erase any gains former President Donald Trump has seen on paper since his company’s merger with a blank check company in March.
The shares were sinking after Tuesday’s televised presidential debate between Republican candidate Trump and Democratic nominee Kamala Harris.
And investors could face more pain as former President Trump will soon be able to sell shares.
Shares in the Truth Social parent company, which trade under the ticker DJT, closed down 3.6%, to $16.08 on Thursday. Earlier, they were down 4.4% to $15.94 after closing 10.5% lower on Wednesday.
According to Barron’s calculations, if Trump Media’s share price falls below $13 a share, Trump’s paper gains since his company’s merger with the special purpose acquisition company Digital World Acquisition Corp. rapidly vanish.
It amazes me that millions of people still think of this man as a "smart businessman" This after 6 bankruptcies, and scores of business failures. They don't care that it was Fred (not Donald) Trump that built the Trump empire.
Donald Trump couldn't run a profitable hotdog stand!
https://www.msn.com/en-us/money/markets/trump-media-stock-is-still-falling-trump-s-post-merger-gains-vanish-at-this-price/ar-AA1qrQqa?ocid=msedgdhp&pc=HCTS&cvid=b887a147e90d4a03aa3a433ec9c8e406&ei=32
