Trump Media down nearly 12% as DJT stock pinballs before presidential election

Shares of former President Donald Trump’s media company fell nearly 12% Thursday in another volatile trading day leading up to the 2024 presidential election.

The slide marked Trump Media‘s second straight day of steep declines, paring back a recent stock rally that had more than doubled the company’s share price in a matter of weeks.

Trump Media, which trades as DJT on the Nasdaq, was halted twice due to volatility within the first hour of trading on Thursday morning.

The latest stock slide came after the Truth Social operator recovered from a major sell off in the weeks leading up to the 2024 presidential election.

Trump owns nearly 57% of the company.