The DJT stock is often traded as a proxy of political support for Donald Trump in the presidential race against Vice President Kamala Harris.
The share price of Trump Media, whose majority shareholder is former President Donald Trump, fell Tuesday to the lowest level seen since the Truth Social parent company began public trading in March following a merger.
DJT shares dropped to $17.89 per share around midday Tuesday, The stock’s prior low was set on Aug. 28, when it hit $19.38 per share. The stock price is down roughly 77% from its high of $79.38 per share on March 26, following Trump Media’s merger with a publicly traded special purpose acquisition company.
Trump Media’s single-day slide of more than 8% accompanied a broader market dip on Tuesday, especially for tech companies.
