Trump Media Stock Drops 17% After Dismal Debate Performance

Benzinga
Benzinga
  • 3 days ago
Trump Media’s stock dropped over 17% on Wednesday following Donald Trump's poor debate performance against Kamala Harris. The stock hit its lowest intraday level since its Nasdaq debut in March. Analysts suggest the company's value is closely tied to Trump's political fortunes. The drop follows a brief surge on Tuesday and a prolonged decline since the company's merger with a blank-check firm. Trump owns nearly 59% of Trump Media, valued at $1.8 billion. It’s uncertain if he will sell his shares when the lock-up agreement expires on September 19th.

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