Trump Media shares halted on volatility as DJT rally accelerates

Trade with Trump media The share price was halted multiple times on Tuesday morning due to volatility as the company, majority owned by Donald Trump, bounced in early trading.

The company, which trades on the Nasdaq as DJT, was halted for five minutes at 9:36 a.m. ET as shares rose about 14%.

Trading was halted a second time at 9:42 a.m., with shares rising nearly 9%. At 9:50 a.m. the company was stopped again

Nearly 16 million DJT shares changed hands in the first 10 minutes of the trading day.

The volatile session came after DJT shares had already surged more than 21% on Monday on extremely high trading volume.

Those gains added to a pre-election stock rally that began in late September after a months-long selloff pushed the company's share price below $12.

Just over a month later, Trump Media shares were trading at more than four times that price.

The company's stock now far exceeds its recent peak in mid-July, when shares soared after the Republican presidential candidate narrowly survived an assassination attempt.

Trump owns almost 57% of the company that operates the Truth Social platform. According to Forbes, his stake was worth over $5.4 billion at Monday's closing price, more than half his net worth on paper.

At the opening bell on Tuesday, the former president's stake was worth over $6 billion.

Despite losing hundreds of millions of dollars in recent fiscal quarters due to low revenue, Trump Media boasts a market cap of over $10 billion.

Analysts expect the company's many pro-Trump retail investors to be buying shares to support the former president or bet on his chances of beating Democratic presidential candidate Kamala Harris.

Monday's surge followed Trump's large campaign rally at Madison Square Garden in New York City.

The company's gains also coincided with political betting markets like Polymarket and Kalshi favoring Trump over Harris in recent weeks.

Odds and gambling platforms do not use the same methods as traditional political polls and are therefore not a replacement for political polls. Critics fear that election betting markets are being manipulated.

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