DJT shares climbed as much as 7% in heavy trading shortly after the opening bell.
The upswing followed six straight trading days in the red, which drove Trump Media stock down more than 32%.
Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceThat dive was just the latest negative stretch in a monthslong slump for Trump Media, which went public in late March after completing a merger with a special purpose acquisition company.
Since surging to an intraday peak of $79.38 per share in its Nasdaq debut, Trump Media stock has lost more than 84% of its value.
On Monday, the stock fell to its lowest point since before October 2021, when news of a planned merger between Trump Media and the SPAC, Digital World Acquisition Corp., was first made public.
Persons:
Donald Trump
Organizations:
Getty Images Trump Media, Truth, Trump Media, Nasdaq, Trump, Republican