Omar Marques | Lightrocket | Getty Images
Trading of Trump Media shares was halted for volatility multiple times Tuesday morning as the company majority-owned by Donald Trump surged at the opening bell.
The company, which trades as DJT on the Nasdaq, was halted for five minutes at 9:36 a.m. ET, when shares were trading up around 14%.
Trading was halted a second time at 9:42 a.m., with shares up nearly 9%.
Nearly 16 million DJT shares changed hands in the first 10 minutes of the trading day.
Trump Media (DJT) Stock Price
The volatile session came after DJT stock had already surged more than 21% on Monday on extremely heavy trading volume.
The gains came during a pre-election stock rally that began in late September, after a monthslong sell-off that dragged the company’s share price below $12.
Just over a month later, Trump Media shares were trading at more than four times that price.
The company’s stock now far exceeds its recent peak in mid-July, when its share price soared after the Republican presidential nominee narrowly survived an assassination attempt.
Trump owns nearly 57% of the company, which operates the Truth Social platform. His stake at Monday’s closing price was worth over $5.4 billion, representing more than half of his on-paper net worth, according to Forbes.
At the opening bell Tuesday, the former president’s stake was worth over $6 billion.
This is breaking news. Please refresh for updates.
