DJT stock slides 9% after judge convicts Donald Trump in the hush money trial
), a media and technology company whose majority owner is Donald Trump, saw its shares slide more than 9% in premarket trading Friday after a New York jury found the former US President guilty in the high-profile hush money trial.
Judge Juan Merchan scheduled sentencing for July 11, just days before the Republican National Convention begins on July 15, where Trump is expected to be formally nominated for president. Following its initial public offering in March, DJT stock attracted significant attention from Trump supporters and speculators, with shares surging as much as 59% on their Nasdaq debut. For the March quarter, the company reported revenues of $770,500 and an adjusted operating loss of $12.1 million.
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