Trump Media Shares Continue to Drop 14% Following 22% Drop in Prior Session

Tiger Newspress

31 Oct 2024

Trump Media & Technology shares dropped another 14% on Thursday. The shares snapped their rally after tumbling more than 22% Wednesday — their sharpest decline in nearly seven months. The other Trump-linked Phunware fell 10%.

Shares of Trump Media have enjoyed a series of recent rallies and have gained in 18 of the last 27 trading sessions.

Republican presidential nominee Donald Trump owns a 57% stake in the company, which operates the social-media platform Truth Social, and the its stock has come to be viewed as a Wall Street proxy for Trump’s election bid, while also attracting meme-like attention.

On Tuesday, high-profile Trump ally and Tesla Inc. Chief Executive Elon Musk predicted a crashing stock market and “temporary” economic “hardship” if Trump wins the election.

Also on Tuesday, Democratic nominee Kamala Harris urged voters to “turn the page on the drama and the conflict, the fear and division,” during a speech at the Ellipse in Washington. As she noted in her address, the Ellipse was the setting for the speech by then-President Trump on Jan. 6, 2021, that preceded the attack on the U.S. Capitol by a mob of his supporters. “It is time for a new generation of leadership in America,” Harris said.

Trump Media’s price is also seen as reflecting election-betting data. The average odds of Trump’s victory on the eight betting platforms tracked by RealClearPolitics is 63.6%, compared with Harris’s 35%.

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The shares snapped their rally after tumbling more than 22% Wednesday — their sharpest decline in nearly seven months. The other Trump-linked <a href=\"https://laohu8.com/S/PHUN\">Phunware</a> fell 10%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/93a588b0ffd8b6ab7df1e1c0a42b1c5e\" tg-height=\"178\" tg-width=\"457\"/></p><p>Shares of Trump Media have enjoyed a series of recent rallies and have gained in 18 of the last 27 trading sessions.</p><p>Republican presidential nominee Donald Trump owns a 57% stake in the company, which operates the social-media platform Truth Social, and the its stock has come to be viewed as a Wall Street proxy for Trump’s election bid, while also attracting meme-like attention.</p><p>On Tuesday, high-profile Trump ally and Tesla Inc. 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The shares snapped their rally after tumbling more than 22% Wednesday — their sharpest decline in nearly seven months. The other Trump-linked <a href=\"https://laohu8.com/S/PHUN\">Phunware</a> fell 10%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/93a588b0ffd8b6ab7df1e1c0a42b1c5e\" tg-height=\"178\" tg-width=\"457\"/></p><p>Shares of Trump Media have enjoyed a series of recent rallies and have gained in 18 of the last 27 trading sessions.</p><p>Republican presidential nominee Donald Trump owns a 57% stake in the company, which operates the social-media platform Truth Social, and the its stock has come to be viewed as a Wall Street proxy for Trump’s election bid, while also attracting meme-like attention.</p><p>On Tuesday, high-profile Trump ally and Tesla Inc. 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The other","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PHUN":"Phunware, Inc.","RUM":"Rumble Inc.","DJT":"特朗普媒体科技集团"},"translate_title":"特朗普媒体股价继前一交易日下跌22%后继续下跌14%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DJT":1.1,"PHUN":1.1,"RUM":1.1},"content_text":"Trump Media & Technology shares dropped another 14% on Thursday. The shares snapped their rally after tumbling more than 22% Wednesday — their sharpest decline in nearly seven months. The other Trump-linked Phunware fell 10%.Shares of Trump Media have enjoyed a series of recent rallies and have gained in 18 of the last 27 trading sessions.Republican presidential nominee Donald Trump owns a 57% stake in the company, which operates the social-media platform Truth Social, and the its stock has come to be viewed as a Wall Street proxy for Trump’s election bid, while also attracting meme-like attention.On Tuesday, high-profile Trump ally and Tesla Inc. Chief Executive Elon Musk predicted a crashing stock market and “temporary” economic “hardship” if Trump wins the election.Also on Tuesday, Democratic nominee Kamala Harris urged voters to “turn the page on the drama and the conflict, the fear and division,” during a speech at the Ellipse in Washington. As she noted in her address, the Ellipse was the setting for the speech by then-President Trump on Jan. 6, 2021, that preceded the attack on the U.S. Capitol by a mob of his supporters. “It is time for a new generation of leadership in America,” Harris said.Trump Media’s price is also seen as reflecting election-betting data. The average odds of Trump’s victory on the eight betting platforms tracked by RealClearPolitics is 63.6%, compared with Harris’s 35%.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0}}}