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shares Trump Media The decline continued on Thursday, closing at fresh lowsfollowing Tuesday presidential debate between its major shareholders and former presidents Donald Trump and Democratic Vice President Kamala Harris.
The stock fell 3.6% on the day, closing at $16.07 per share, the lowest closing price since the company went public. first public transaction exist Nasdaq March.
Shares of owners of Truth Social, stock code “DJT”, have debate Tuesday night in Philadelphia, hosted by ABC News.
The Harris campaign called the debate Democratic victoryas experts and strategist Political left and right. Trump has repeatedly claimed he won Tuesday’s standoff.
But the decline in Trump Media’s stock price – which tends to rise and fall in line with Trump’s political fortunes – suggests investors may not believe Trump won the debate.
The Republican nominee announced in a Thursday afternoon post on Truth Social that he will no more debate.
Harris launched a second round challenge to Trump shortly after the candidate stepped down on Tuesday night. But Trump declared victory on Thursday, wrote, “There will be no third debate!”
DJT’s plunge this week is the latest chapter for the stock months-long slideshow.
Trump Media shares have fallen about 60% since their last rally in July after the failure assassination attempt on trump. The stock has fallen about 78% since listing merge It partnered with a special purpose acquisition company and began trading publicly in March.
The former president owns nearly 57% of Trump Media’s stock. Later this month, he will have the opportunity to sell his shares during the “lockup period” limit Restrictions preventing him from selling stock were lifted. It’s unclear whether Trump will choose to sell or hold onto his shares.
After Thursday’s close, the company’s market capitalization was $3.2 billion.
