Trump Media shares close down by more than 5%, latest grim day for Truth Social owner

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The biggest shareholder in Trump Media is Donald Trump, the presumptive Republican presidential nominee.

The social media company's stock began public trading on the Nasdaq on March 26 with an opening price of $70.90, and a high of nearly $80 that day.began public trading on the Nasdaq on March 26 with an opening price of $70.90, and soared to a high of nearly $80 that day.'s market capitalization as of Thursday is $4.43 billion, markedly lower than the level seen when shares began trading last month, but still relatively very high given the firm's financial results last year.

Under the terms of a merger with a shell company that took Trump Media public, Trump is barred from selling his shares for six months from the March 22 closing date of that deal.Citi says this ‘high risk’ but ‘attractive’ global stock has 280% upside This AI stock could fall 50% and has an ‘exaggerated artificial intelligence narrative,’ Morningstar saysPhiladelphia

 

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