Trump Media shares fall to new post-merger low, despite ex-president's claim he won debate

• Trump Media stock continued to sink Thursday, closing down 3.6%, at $16.07 per share — its lowest close since the company debuted on the Nasdaq in March.
• Shares of Trump Media, which trades under the ticker "DJT," are down nearly 14% since the first presidential debate on Tuesday night in Philadelphia between former President Donald Trump and Vice President Kamala Harris.
• Trump announced Thursday that he would not be doing another debate in a post on Trump Media's social media app, Truth Social.

Shares of Trump Media continued to sink on Thursday, closing at a fresh low, following Tuesday's presidential debate between its majority shareholder, former President Donald Trump and Democratic Vice President Kamala Harris.

The stock fell 3.6% over the day and closed at $16.07 per share — its lowest close since the company's public trading debut on the Nasdaq in March.

Shares of the Truth Social owner, which trade under the ticker "DJT," are down nearly 14% since the debate Tuesday night in Philadelphia, hosted by ABC News.

The Harris campaign has called the debate a win for the Democrat, as have pundits and strategists on both the political left and the right. Trump has repeatedly claimed that he came out on top in Tuesday's face-off.

But the slide in Trump Media shares — which often rise and fall in line with Trump's political fortunes — suggests that investors may not be convinced that Trump won the debate.

In a Thursday afternoon post on Truth Social, the Republican nominee announced he would not be doing another debate.

Harris had challenged Trump to a second round moments after the candidates left the stage Tuesday night. But Trump, claiming victory Thursday, wrote, "THERE WILL BE NO THIRD DEBATE!"

DJT's plunge this