Jonathan Raa | Nurphoto | Getty Images

Trump Media closed more than 15% higher Wednesday.

The big bump for DJT followed two days of share losses on the Nasdaq.

Trump Media, which owns the Truth Social app, closed more than 14% lower on Tuesday, and more than 18% on Monday.

On Wednesday, DJT shares closed at $26.40, an increase of $3.56 per share, or nearly 15.6% higher.

The company, whose majority shareholder is former President Donald Trump, began public trading on March 26 with an opening price of more than $70 per share.

Since then, the share price has plummeted.

Trump Media, whose market capitalization is $3.6 billion, had revenue of just $4.1 million last year.

Don’t miss these exclusives from CNBC PRO

Read More: World News | Entertainment News | Celeb News
CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Ferrari boss promises ’emotion’ won’t be lost in EV engine roar

A Ferrari is parked outside the New York Stock Exchange in celebration…

BUSINESS LIVE: Unilever spins-off ice cream unit; Diageo hires John Manzoni as chair; AstraZeneca to buy Fusion

The FTSE 100 closed up 15.75 points at 7738.30. Among the companies…

How Dana Walden could defy critics and become Disney’s first female CEO

Dana Walden, co-chair of Disney Entertainment Rich Polk | Getty Images In…

Airline executives predict a record summer and even more demand for first class

Travelers at LaGuardia Airport in New York on June 30, 2022. Leslie…