Jonathan Raa | Nurphoto | Getty Images

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.

Don’t miss these exclusives from CNBC PRO

Read More: World News | Entertainment News | Celeb News
CNBC

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Apple CEO Tim Cook visits Vietnam — one of the iPhone giant’s most important manufacturing hubs

Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the…

Gold prices hit another record high on Fed cut expectations

Gold bars and coins. Brightstars | E+ | Getty Images Gold prices…

Prosecutor asks judge to sanction Donald Trump for gag order violation in hush money case: Live updates

Former President Donald Trump arrives at Manhattan criminal court with his legal…