{"id":114677,"date":"2024-10-16T05:37:10","date_gmt":"2024-10-15T22:37:10","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=114677"},"modified":"2024-10-16T05:37:10","modified_gmt":"2024-10-15T22:37:10","slug":"trump-media-stock-is-halted-after-sudden-plunge-in-djt-shares","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=114677","title":{"rendered":"Trump Media stock is halted after sudden plunge in DJT shares"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"\">\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium is-hero\">\n<div class=\"embed__content-wrapper\">\n<link rel=\"preload\" as=\"image\" href=\"https:\/\/assets1.cbsnewsstatic.com\/hub\/i\/r\/2024\/10\/15\/d4bcbed5-7b11-4514-b844-3edebfde228c\/thumbnail\/1280x720\/2d22ce4c1ee599c25aba4c305843f991\/e838f4deda8535824e04e4f23abf7644-0-1729026337942.jpg?v=29b5ccc4d237d9b284ce95a42effd073\"\/><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" style=\"position:absolute;width:0;height:0\"><defs><symbol id=\"player-icon-pause\" viewbox=\"0 0 32 32\"><path d=\"M4 4h10v24h-10zM18 4h10v24h-10z\"\/><\/symbol><symbol id=\"player-icon-play\" viewbox=\"0 0 32 32\"><path d=\"M6 4l20 12-20 12z\"\/><\/symbol><symbol id=\"player-icon-close\" viewbox=\"0 0 32 32\"><line stroke-width=\"6\" x1=\"3\" y1=\"3\" x2=\"29\" y2=\"29\"\/><line stroke-width=\"6\" x1=\"29\" y1=\"3\" x2=\"3\" y2=\"29\"\/><\/symbol><symbol id=\"player-icon-fullscreen\" viewbox=\"0 0 32 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class=\"player-overlay--icon-grid\"><use xlink:href=\"#player-icon-drag\"\/><\/svg><span class=\"player-overlay__title\">Economic Club of Chicago hosts former President Trump <\/span><\/p>\n<p>        <button class=\"player-overlay__button player-overlay__button--close\" data-target=\"\" aria-label=\"Disable small player\"><br \/>\n          <svg class=\"player-overlay__button--icon player-overlay__button--icon-close\"><use xlink:href=\"#player-icon-close\"\/><\/svg><\/button><\/p>\n<p>  <iframe 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class=\"lazyload embed__frame\" data-width=\"1920\" data-height=\"1080\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" id=\"economic-club-of-chicago-hosts-former-president-trump--hero\" title=\"Video: Economic Club of Chicago hosts former President Trump\" data-sort-time=\"1729026495000\" data-update-time=\"1729026495000\"><\/iframe><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/chicago\/video\/economic-club-of-chicago-hosts-former-president-trump\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Economic Club of Chicago hosts former President Trump<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">03:04<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>Trump Media &amp; Technology Group, whose stock trades under the ticker DJT \u2014 the same as former President Donald Trump&#8217;s initials \u2014 was briefly halted on Wall Street Tuesday after the stock suddenly plunged.\u00a0<\/p>\n<p>The pause occurred at 2:42 p.m. Eastern Time, with trading resuming about five minutes later, <a href=\"https:\/\/www.nyse.com\/trade-halt\" target=\"_blank\" rel=\"nofollow noopener\">according<\/a> to the New York Stock Exchange. Trading was temporarily suspended after a mechanism was triggered when stocks exhibit unusual volatility.\u00a0<\/p>\n<p>DJT shares had climbed earlier on Tuesday, reaching an intraday high of $33.85 a share, representing a 13% gain. But the stock plummeted in the afternoon, triggering the halt. Trump Media&#8217;s stock price continued to sink after the pause was lifted closed at $27.06, down $2.89, or 9.6%, on the day.<\/p>\n<aside class=\"newsletter_signup \">\n<figure class=\"embed embed--type-newsletter-widget embed--float-none embed--size-large embed--type-iframe\" data-ads=\"{\" wordcount=\"\">\n<\/figure>\n<\/aside>\n<p>The downdraft erases some of the <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-why-is-djt-stock-going-up-election\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">recent gains<\/a><\/span> that had helped lift Trump Media from a September 24 low. The shares have been seen as a proxy for Trump&#8217;s chances of winning the November 5 presidential <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/feature\/election-2024\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">election<\/a><\/span>, with DJT swinging upwards when his odds appear to improve. In recent days, two prediction markets have switched to favoring Trump after previously giving Vice President Kamala Harris a better chance of winning.<\/p>\n<p>While the polls haven&#8217;t changed much, one of Trump&#8217;s business ventures got off to a rough start on Tuesday,\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/10\/15\/trumps-coin-sale-misses-early-targets-as-crypto-website-crashes.html\" target=\"_blank\" rel=\"nofollow noopener\">according<\/a> to CNBC. The Trump family&#8217;s <span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-crypto-exchange-world-liberty-financial\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">new cryptocurrency platform<\/a><\/span>, World Liberty Financial, suffered outages for much of the day, limiting the number of sales, the media outlet report.<\/p>\n<p>It&#8217;s unclear if that could cause DJT&#8217;s stock to falter, given that Trump Media&#8217;s shareholders largely consist of small investors who are also Trump supporters, rather than investors who are seeking profits, dividends or other traditional measures of financial health.<\/p>\n<figure class=\"embed embed--type-video embed--type-content_video is-video embed--float-none embed--size-medium \"><figcaption class=\"embed__caption-container\"><a href=\"https:\/\/www.cbsnews.com\/video\/trump-promises-tariffs-will-help-pay-for-economic-plan\/\" class=\"embed__headline-link\" data-invalid-url-rewritten-http=\"\"><\/p>\n<p>          <span class=\"embed__icon\"><br \/>\n            <svg viewbox=\"0 0 32 32\" aria-hidden=\"true\"><use xlink:href=\"#icon-video\"\/><\/svg><\/span><\/p>\n<p>          <span class=\"embed__headline\">Trump promises tariffs to help pay for economic plans<\/span><\/p>\n<p>          <span class=\"embed__video-duration\">08:18<\/span><\/p>\n<p>                      <\/a><\/p>\n<\/figcaption><\/figure>\n<p>The volume of trading in DJT stock was also elevated on Tuesday, with about 97 million shares trading hands, according to financial data firm FactSet. The average daily trading volume for the prior 30 days has been about 20 million shares, FactSet shows.\u00a0<\/p>\n<p>On Tuesday, Trump Media investors took to Truth Social to question the stock&#8217;s halt and price decline, with some blaming short sellers, a frequent target of both DJT shareholders and its management.\u00a0<\/p>\n<p>&#8220;None of us long-term DJT holders are fooled one bit by what happened today,&#8221; one member of the DJT investing group wrote Tuesday on Truth Social. &#8220;Shorts were losing control, quickly and they called in their chips at the SEC&#8221; to halt trading.<\/p>\n<p>The Securities and Exchange Commission doesn&#8217;t control trading halts, which are <a href=\"https:\/\/www.investor.gov\/introduction-investing\/investing-basics\/glossary\/trading-halts-and-delays\" target=\"_blank\" rel=\"nofollow noopener\">activated<\/a>\u00a0by stock exchanges.<\/p>\n<p>Earlier this year, Trump Media\u00a0<span class=\"link\"><a href=\"https:\/\/www.cbsnews.com\/news\/trump-media-nasdaq-naked-short-selling-djt-stock\/\" target=\"_blank\" data-invalid-url-rewritten-http=\"\" rel=\"noopener\">complained to Nasdaq<\/a><\/span>, the stock exchange where the company is listed, that it was the victim of &#8220;potential market manipulation&#8221; due to short-selling activity.\u00a0<\/p>\n<p>    <!-- data-recirc-source=\"queryly\" --><\/p>\n<aside class=\"component list recirculation component--type-recirculation \">\n<p><h3 class=\"component__title\">More from CBS News<\/h3>\n<\/p>\n<\/aside>\n<p><!-- tags --><\/p>\n<div class=\"content-author\">\n      <a href=\"https:\/\/www.cbsnews.com\/team\/aimee-picchi\/\" class=\"content-author__name\" data-invalid-url-rewritten-http=\"\">Aimee Picchi<\/a><\/p>\n<div class=\"content-author__bio\">\n<div class=\"content-author__full-information\">\n<p class=\"content-author__text\">Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cbsnews.com\/news\/djt-stock-trump-media-nyse-halt-plunge\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic Club of Chicago hosts former President Trump Economic Club of Chicago hosts former President Trump 03:04 Trump Media &amp; Technology Group, whose stock trades under the ticker DJT \u2014 &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=114677\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-114677","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/114677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114677"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/114677\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}