Trump Media Stock Pulls Back After Soaring Wednesday

Key Takeaways

Truth Social parent Trump Media & Technology Group (

DJT

) stock gave back some of yesterday’s sharp gains Thursday morning as the broader market’s
tariff relief rally lost steam
.

Shares of President Donald Trump’s media company soared 22% Wednesday as broader markets
staged a history rally
following his Truth Social announcement of a
90-day pause
on most tariffs.

Soon after markets opened Wednesday and nearly four hours ahead of announcing the pause, Trump posted on Truth Social, “THIS IS A GREAT TIME TO BUY!!! DJT.” Trump Media’s stock ticker is a nod to the president’s initials. (
Trump’s majority stake
in the company is currently held by a trust.)

Trump Media shares were down 7% in recent trading. They have fallen about 45% so far this year.

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