Trading on Trump Media stock experienced significant volatility on Election Day, highlighted by three trading halts as the stock price swung wildly within minutes, indicating intense investor sentiment.
The stock opened at $37 a share, rising 8.5% from the previous day, but fell sharply to $34 in mere minutes, triggering multiple halts due to excess volatility.
Throughout the election cycle, the price of Trump Media's stock closely tracked Trump’s political standing, reflecting investors' reactions to every significant event during the race.
With about 143 million shares traded on Election Day, the stock's price movements were heavily influenced by perceptions of Trump’s chances, showcasing the speculative nature of such politically tied investments.
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