Trading in Trump Media & Technology Group shares was halted multiple times after the company’s stock price briefly spiked and then dropped Tuesday, marking the latest volatile movement for former President Donald Trump’s social media firm.
Shares in the Truth Social parent firm briefly surged before turning negative.
Nasdaq—citing volatile trading for the stock—halted trading for Trump Media for five minutes starting at 9:36 a.m. EDT, 9:42 a.m., 9:50 a.m., 10:21 a.m. and 10:31 a.m.
Trump Media eclipsed its 30-day average trading volume of 35.1 million shares by 10:15 a.m., with more than 82.5 million shares having been traded by 10:45 a.m., according to Nasdaq.
Shares of Trump Media increased by as much as 14% after trading opened Tuesday before the stock dropped to down more than 2%, though it later ricocheted and is now up more than 2% as of about 10:50 a.m. EDT.
Trump Media’s volatile trading on Tuesday follows rallies of 22% and 11% on Monday and Friday, respectively, bringing the firm’s shares as high as $47.68, the highest level for the stock since June 5.
This is a developing story.
Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you'll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here.
194%. That’s how much Trump Media’s stock increased between a closing price of $16.07 on Sept. 30 and Monday’s close of $47.36.