Trump Media, owner of the Truth Social app, has seen a series of gains for its DJT ticker, even after majority shareholder Donald Trump earned extra shares.
Trump Media shares fell sharply in morning trading, shortly after pushing above the $50 per share threshold for the first time in nearly a month.
The company, which owns the Truth Social app, has seen its share price increase by more than 50% in the past week. Trump, who already owned more than 78 million shares, received the windfall because the share price remained above a benchmark of $17.50 for 20 trading days over the month since the stock began being publicly traded.
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