The share price of Trump Media plunged more than 13% on Wednesday, a day after majority shareholder Donald Trump gave a widely panned presidential debate performance against Vice President Kamala Harris.
The company’s stock price was at its lowest intraday level since the Truth Social app owner began publicly trading as DJT on the Nasdaq in late March.
Investing in Trump Media stock is often seen as a way to bet on the political fortunes of Trump, the former president and current Republican nominee.
Trump Media has said its business hinges at least partly on Trump’s popularity, and analysts say the company’s value will rise or fall based on his electoral prospects.
The stock drop Wednesday could signal that some Trump’s supporters are not pleased with what they saw at Tuesday night’s debate in Philadelphia.
Liberal and conservativepolitical commentators said Harris appeared more prepared, articulate and even-keeled than Trump, who repeatedly bit on bait that she …
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