Trump Media Stock Tumbles 22.97%, Erasing Post-Election Gains
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Shares of Trump Media & Technology Group plunged 23% on Thursday, dropping from $35.96 to $27.70, wiping out the previous day’s election-fuelled gains.
Throughout the last trading session, the stock experienced a fluctuation of 15.76%, with a low of $27.61 and a high of $31.96.
The stock, which has fluctuated in alignment with Trump’s political prospects, has dropped 21% over the past five days despite holding a 50% gain for the month.
Key levels are $21.80 support and $53.40 resistance.
Data: eToro, FactSet, Morningstar, S&P Capital IQ, ProRealTime, MarketScreener, StockInvest