Trump Media shares plunge after GOP nominee's debate with Harris

• The stock price of Trump Media plunged at the opening bell to its lowest level since the company began publicly trading as DJT on the Nasdaq.
• DJT shares dropped a day after former President Donald Trump faced Vice President Kamala Harris in a presidential debate hosted by ABC News.
• The company, which owns the Truth Social app, had seen its share price surge before the debate.

The share price of Trump Media plunged more than 17% on Wednesday morning, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris.

The company's stock price at the opening bell was at its lowest intraday level since the Truth Social app owner began publicly trading as DJT on the Nasdaq in late March.

Investing in Trump Media stock is often seen as a way to bet on the political fortunes of Trump, the former president and current Republican nominee.

Trump Media has said its business hinges at least partly on Trump's popularity, and analysts say the company's value will rise or fall based on his electoral prospects.

The stock drop Wednesday could signal that some Trump's supporters are not pleased with what they saw at Tuesday night's debate in Philadelphia.

Liberal and conservative political commentators said Harris appeared more prepared, articulate and even-keeled than Trump, who repeatedly bit on bait that she tossed to throw him off topic.

Harris' team, projecting confidence, challenged Trump to another debate right after the first one ended.

Trump said he may not agree to that.

Trump Media had surged as much as 10% during trading Tuesday, possibly indicating optimism about how Trump would fare in the debate.

The company's gains on Monday and Tuesday were a respite