Shares of Trump Media & Technology Group fell as much as 15% as investors took stock of Donald Trump’s guilty verdict on all 34 felony counts in his criminal hush money trial.
The after-hours slide was the latest turbulent turn for Trump’s namesake social media company, which rises and falls with the former president’s fortunes. Trump owns 65% of the shares in the parent company of the Truth Social app.
The stock, which trades under the ticker “DJT,” recovered as trading continued, but remained down about 4% in the early evening Thursday.
Volatility has been the stock’s governing principle since it began trading after the merger with shell company Digital World Acquisition Corp. in March. It has swung wildly from a high of $79.38 a share at the close of March 26 to its lowest close of $22.84 on April 16.
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