Trump Media shares soar in second day of strong gains for DJT stock
The share price of Trump Media soared by as much as 21% Thursday, before pulling back a bit in volatile trading. It was the second day in a row of strong gains for the owner of the Truth Social app. DJT shares rose above $31 in early trading, a bump that could squeeze short sellers who have made recent bets that the stock price would fall. By 11:26 a.m. ET, shares were trading at $29.71, an increase of more than 12.5% from the open price.