The share price hit its lowest intraday levels since the company that controls the Truth Social app began trading on the Nasdaq in late March.
Donald Trump’s Trump Media stock plummets by more than 13%, hours after the long-awaited debate with Kamala Harris.
The share price hit intra-session lows from the day the company, which controls the application Truth Socialbegan trading on the Nasdaq in late March.
According to CNBC, investing in Trump Media stock is often mistaken for one bet on Trump’s political fortunesformer president and current Republican candidate.
Trump Media has said its business depends, in part, on Trump’s popularity, while analysts estimate that the rise and fall of the company’s value depends from Trump’s prospects in the upcoming elections.
Political analysts estimate that Kamala Harris appeared in the debate more prepared, eloquent and balanced than Trump, who fell into the traps he set for him and which they were taking him out of the question.
Harris’ team, as soon as the debate was over, challenged him to one more.
Trump said he might not agree.
It is noted that Trump Media’s stock rose as much as 10% in Tuesday’s session (before the debate), possibly indicating an optimism about how Trump would fare in the debate.
The stock’s gains in the first two sessions of the week were a respite from a week of pressures that sent the stock plummeting 75% from the intra-session highs it had reached at the end of March.
Source: Skai
I am Janice Wiggins, and I am an author at News Bulletin 247, and I mostly cover economy news. I have a lot of experience in this field, and I know how to get the information that people need. I am a very reliable source, and I always make sure that my readers can trust me.