Trump Media shares stall on volatility as DJT rally accelerates

Trade with Trump Media shares were halted on volatility several times Tuesday morning as the company, which is majority-owned by Donald Trump, ricocheted in early trading.

The company, which trades as DJT on Nasdaq, was halted for five minutes at 9:36 a.m. ET, when shares rose about 14%.

Trading was halted for the second time at 9:42 a.m., with shares up nearly 9%. The company was stopped again at 9:50

Nearly 16 million DJT shares changed hands in the first 10 minutes of the trading day.

The volatile session came after DJT stock was already up more than 21% on Monday on extremely heavy trading.

The gain came during a pre-election stock rally that began in late September, following a month-long selloff 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 most recent peak in mid-July, when the stock price soared after the Republican presidential candidate 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 more than $5.4 billion, representing more than half of his net worth on paper, according to Forbes.

At the opening bell on Tuesday, the former president’s stake was worth more than $6 billion.

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