Trump Media shares fall nearly 10% after DJT plunge triggers trading halt
Trump Media shares fall nearly 10% after DJT plunge triggers trading halt
www.cnbc.com /2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html
- Trump Media shares closed down nearly 10% after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.
- DJT stock, which had been up more than 13% earlier in the afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred.
- The stock drop came during the highest-volume day for Trump Media since it started publicly trading on the Nasdaq following a business merger with a blank-check firm.
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comments
It’s a mystery what triggers stops of trading. The percentage drop isn’t that great and the dollar total is trivial compared to the market as a whole.
You can find the specific rules on the sec site
There are breakers on individual stocks now in both directions I believe. It's not a market wide stop.
following a business merger with a blank-check firm
Oh look, another bribe
Everything with this guy is a scam. I wonder what this one is going to be.
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