Add as a preferred source on GoogleTrump Media Shares Fall 24.54% to a Record Low Since Listing
DJT later traded at $4.56 overnight, up 1.56%, while Tesla and SpaceX also fell.
Trump Media & Technology Group shares fell 24.54% on Wednesday, finishing at their lowest level since listing as Democrats took control of Congress and shifted the balance of power in Washington.
The stock trades under ticker DJT. It later moved to $4.56 in overnight trading, up 1.56%. That left DJT higher after the steep regular-session sell-off, with the overnight move running against the day’s decline.
Other companies associated with President Donald Trump or Elon Musk also lost ground. Tesla dropped 3.34%, and SpaceX fell 3.81%, both smaller declines than DJT’s. The losses came amid the political shift in Washington, with Democrats taking control of Congress and opening a new chapter in federal politics.
Trump Media has crypto-related initiatives, bringing a digital asset angle to the sharp move in its stock. DJT’s decline substantially outpaced the losses in Tesla and SpaceX, while the overnight quote showed a partial rebound after the regular session.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.