Mon Sep 16 15:51:52 UTC 2024: ## Trump Media Stock Sees Another Rollercoaster Ride After Latest Assassination Attempt

**New York, NY** – Shares of Donald Trump’s social media company, Truth Social, have experienced another turbulent day following the latest assassination attempt against the former president. While the stock initially rose 5% in pre-market trading on Monday, it later plummeted by 4% in late morning trading.

The market’s reaction was far less pronounced than the one observed in July, following a similar incident at a Pennsylvania rally. Back then, Trump Media’s stock skyrocketed by 31%, fueled by public sentiment and Trump’s defiant response.

Experts have likened Trump Media to a meme stock, highlighting its dependence on hype and sentiment rather than its financial performance. Despite generating little revenue, the company maintains a billion-dollar valuation.

The latest market fluctuations were triggered by Trump’s announcement on Friday that he has no intention of selling his shares in the company. This declaration came just days before lock-up restrictions prohibiting Trump and other insiders from selling their shares expire on Thursday. The looming expiration date has been hanging over the stock for weeks.

Trump’s statement initially sent the stock price soaring by as much as 30%, prompting Nasdaq to halt trading twice. The stock closed the day up by 12%, its best performance in three weeks. Trump responded to the trading halts by accusing Nasdaq of nefarious activity, but such pauses are commonplace and designed to regulate rapid price fluctuations.

Investors who bought Trump Media shares when it went public in March remain in the red, with the stock down roughly 74% from its peak. While Trump’s stake of 114.75 million shares is still worth about $2 billion, it has significantly decreased from its May 9 value of $6.2 billion.

The ongoing volatility in Trump Media stock highlights the company’s reliance on external factors and the unpredictable nature of the market, particularly when it comes to personalities like Donald Trump.

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