Trump Media shares halted after sudden DJT stock plunge

[RandySF]

Trading in Trump Media
shares was briefly halted Tuesday due to volatility, after the Truth Social owner’s stock suddenly plunged in price.

DJT shares continued to fall after the five-minute trading halt lifted at 12:47 p.m. ET. The stock was down more than 11% in the final hour before the market closed.

Trump Media, which had been up more than 13% earlier Tuesday afternoon, abruptly turned more than 6% lower on the day at the time the halt occurred.

The whipsawing stock price came during an extremely volatile trading session, in which more than 84 million shares had traded hands by 3:18 p.m. — multiple times the company’s 30-day average trading volume.

Trump Media is on pace for its highest-volume day since it started publicly trading on the Nasdaq in late March, following a business merger with a blank-check firm.



https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html

[ProfessorGAC]

1. All This Noise, And...

...it's still down 60% from its high.

[newdeal2]

2. All this trading volume/volatility for a shit business

The whole thing stinks.

[ProfessorGAC]

5. It Does Indeed

There were only ten million shares of Walmart stock traded today.
Eight times that changed hands on this lemon?
Only 52 million shares of Apple changed hands today!

[kimbutgar]

3. After years working in the stock market it's obvious there is insider trading and is being manipulated.

I worked from the late 70’s to the late 90’s on Wall Street and what is going on with his stock is so obvious the stock is being manipulated. I wish the SEC would look into it!

[PeaceWave]

10. Nearly 100 million shares traded today. How do you propose the stock was manipulated?

[kimbutgar]

11. Different sellers who are colluding together.

I saw it years ago

[displacedvermoter]

4. I thought I just read that thanks to the growing

likelihood he was going to be reelected the stock was going through the ceiling. Changed really quickly!

[RandySF]

7. I think Apartheid Clyde is involved somehow.

[JohnQFunk]

6. Smells like Pumpty Dumpty to me

Everything about that so-called Stock screams "fraud".

[Silent Type]

8. Maybe "investors" wised up after seeing trump act like a dancing fool for 30 minutes.

[Drum]

9. Yahoo Finance says it occurred while T was giving his economic remarks in Chicago today...

https://finance.yahoo.com/video/djt-trading-halted-stock-plunge-203609571.html

Trading of Tump Media & Technology Group (DJT, DJTWW) shares was halted after the stock plunged while former President Donald Trump was speaking about his economic policy proposals at the Economic Club of Chicago.

Julie Hyman and Josh Lipton comment on the volatile nature of the DJT stock whenever Trump makes headlines.

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

————
Video analysis at link.

[ThoughtCriminal]

12. I can just imagine the traders watching Trump

were on their phones dumping during that performance.

[JustABozoOnThisBus]

13. What plunge? The stock has more than doubled in two weeks.

It's a cult stock, price is in no way related to earnings or any other sane valuation. Buy or don't, it's no worse than a roulette table.