Trump Media shares rise more than 10% in early trading after days of declines
- Trump Media closed more than 15% higher.
- The big bump for DJT followed two days of share losses on the Nasdaq.
- Trump Media, which owns the Truth Social app, closed more than 14% lower on Tuesday.
- Donald Trump owns nearly 60% of the company's shares.
Trump Media closed more than 15% higher Wednesday.
The big bump for DJT followed two days of share losses on the Nasdaq.
Trump Media, which owns the Truth Social app, closed more than 14% lower on Tuesday, and more than 18% on Monday.
Get Southern California news, weather forecasts and entertainment stories to your inbox. Sign up for NBC LA newsletters.
On Wednesday, DJT shares closed at $26.40, an increase of $3.56 per share, or nearly 15.6% higher.
The company, whose majority shareholder is former President Donald Trump, began public trading on March 26 with an opening price of more than $70 per share.
Since then, the share price has plummeted.
Money Report
Trump Media, whose market capitalization is $3.6 billion, had revenue of just $4.1 million last year.
Copyright CNBC
