- 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.
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.
There are breakers on individual stocks now in both directions I believe. It’s not a market wide stop.