Trump Media shares close more than 15% higher after days of declines

Trump
Media
closed
more
than
15%
higher
Wednesday.

The
big
bump
for

DJT
followed
two
days
of

share
losses
on
the
Nasdaq.

Trump
Media,
which
owns
the

Truth
Social
app,
closed
more
than
14%
lower
on
Tuesday,
and
more
than
18%
on
Monday.

On
Wednesday,
DJT
shares
closed
at
$26.40,
an
increase
of
$3.56
per
share,
or
nearly
15.6%
higher.

The
company,
whose
majority
shareholder
is
former
President
Donald
Trump,
began
public
trading
on
March
26
with
an
opening
price
of
more
than
$70
per
share.

Since
then,
the
share
price
has
plummeted.

Trump
Media,
whose
market
capitalization
is
$3.6
billion,
had
revenue
of
just
$4.1
million
last
year.