Trump Media Stock Jumps as Much as 50 Percent, Halted for Volatility

Shares of the former president’s social media company surged on Tuesday before it was briefly halted.

Former President Donald Trump arrives at 40 Wall Street after his court hearing to determine the date of his trial for allegedly covering up hush money payments linked to extramarital affairs, in New York City on March 25, 2024. Charly Triballeau/AFP via Getty Images

Shares of former President Donald Trump’s social media and technology company jumped about 50 percent on Tuesday in its first day of trading on the Nasdaq before it was briefly halted for volatility.

After making its debut, shares for the Trump Media & Technology Group stock, called “DJT,” spiked 50 percent. But it was briefly halted because of the sharp rise before it had resumed trading at around 9:40 a.m. ET.