Beata Zawrzel / NurPhoto via Getty Images
Takeaways
- Shares of Truth Social parent Trump Media & Technology Group gave back some of Wednesday's sharp gains.
- Shares of President Donald Trump's media company surged along with broader markets yesterday as he issued a 90-day pause on most tariffs.
- Soon after markets opened Wednesday and nearly four hours ahead of announcing the pause, Trump posted on Truth Social, "THIS IS A GREAT TIME TO BUY!!! DJT."
- Trump Media stock, whose ticker is a nod to the president's initials, surged nearly 22% yesterday.
Truth Social parent Trump Media & Technology Group (DJT) stock gave back some of yesterday’s sharp gains Thursday morning as the broader market’s tariff relief rally lost steam.
Shares of President Donald Trump’s media company soared 22% Wednesday as broader markets staged a history rally following his Truth Social announcement of a 90-day pause on most tariffs.
Trump posted on Truth Social shortly after the markets opened on Wednesday, and nearly four hours before the announcement of the pause. “THIS IS THE BEST TIME TO BUY!!! DJT.” The ticker of Trump Media is a play on the president’s initials. (Trump’s majority stake is currently held by trust.)
Trump Media shares fell 7% during recent trading. They have dropped about 45% this year.
