The Damage Report
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Trump BEGS For Help As Truth Social Stock Downfall Gets Worse #TDR
Posted
April 12, 2024
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8:09Now PlayingDonald Trump turns to begging his supporters for help in desperate Truth Social post as the Trump Media stock continues to plunge, erasing all gains since its debut. John Iadarola and Brett Erlich break it down on The Damage Report.
Read more here:
Trump Media stock erases all gains since it began trading as DJT shares fall again
"Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month.
The stock closed down more than 8% Monday at $37.17 after falling about 11% earlier in the day. It had traded above $79 a share on March 26, the day of its debut.
But experts say it's hard to draw any firm conclusions about what the stock price's movement means. That's because so many available shares — about 12%, one of the highest ratios of any active stock listing — reflect traders' bets that the stock will fall, said Ihor Dusaniwsky, managing director at S3 Partners, a data and predictive analytics company."
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