Trump Media Investors Finally See Uptick in Their Shares for 2 Straight Days

By Jace Dela Cruz

Apr 19, 2024 03:18 AM EDT

Trump Media shares surged by almost 26% on Thursday, marking a second consecutive day of strong gains for the company behind the Truth Social app.

US-POLITICS-MEDIA — This illustration photo shows Donald Trump's new social media app Truth SocialÕs logo on a smartphone in Los Angeles, February 21, 2022.
(Photo : CHRIS DELMAS/AFP via Getty Images)

Trump Media Shares Surge by Nearly 26%

According to CNBC, the stock, listed as DJT, saw an impressive increase of $6.79 per share, reaching a closing price of $33.19, reflecting a rise of 25.72%.

Trading activity was robust, with over 17.3 million shares of Trump Media being exchanged throughout the day, resulting in a market capitalization of $4.5 billion. This surge follows a notable uptick of more than 15% in Trump Media shares during Wednesday's trading session.

However, this positive momentum comes on the heels of a turbulent period for the company's stock, which experienced a sharp decline of 20% last week, followed by subsequent drops of over 18% on Monday and more than 14% on Tuesday.

Trump Media Offers Short-Selling Prevention Tips

In response to the recent decline in DJT share prices, Trump Media on Thursday offered some tips to shareholders on how to protect their stock being loaned to short sellers who would then utilize it to bet on price drops.

Trump Media's share price has seen a significant downturn since its debut late last month. Closing at $26.40 on April 17, the stock witnessed a substantial decrease of 63% from its opening price on March 26.

With former President Donald Trump holding nearly 60% of the company's shares, the decline in share value has raised concerns about the company's future.

These developments have prompted Trump Media to update its FAQ page with detailed instructions on how shareholders can prevent their stocks from being loaned to short sellers. The updated FAQ includes comprehensive instructions and a form letter for shareholders to prevent their shares from being loaned out.

Investors