Trump Media shares rise more than 3%, pausing multi-day decline

• Trump Media stock closed higher, pausing a weekslong slide for the tech company majority-owned by former President Donald Trump.
• The gains followed steep declines in trading sessions earlier in the week.
• The stock has lost nearly half its value since a New York jury convicted Trump on 34 felony counts of falsifying business records.

Trump Media stock rose Friday, reversing intraday losses and pausing a weekslong slide for former President Donald Trump's tech and media company that had accelerated earlier in the week.

The company behind Truth Social, which debuted on the Nasdaq as DJT in late March, ended the trading day up more than 3%, with the stock price closing at $27.66 a share.

Trump Media stock was down as much as 6% earlier in the day, but the company picked up steam in the final hour of trading.

The modest gains Friday followed steep declines on Thursday, when Trump Media shares fell nearly 15%, and Tuesday, when shares closed nearly 10% down. The stock market was closed Wednesday.

Trump Media's stock price has whipsawed since its public debut, as retail investors and short sellers bought and sold the company tied to the controversial presumptive Republican presidential nominee.

But the trend over the last three weeks has been consistently negative: The stock has lost nearly half its value since May 30, when a New York jury convicted Trump on 34 felony counts of falsifying business records.

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