Trump Media's 'DJT' stock pulls back, but still up more than 70% in 2 weeks
Trump Media’s stock was taking a break from its big two-week rally, as it slipped 3.7% in recent trading.
The stock, which Wall Street has used as a proxy for former president Trump’s chances in the November presidential election, had rocketed 79.4% from the Sept. 23 closing low of $12.15 through Tuesday.
To put the two-week bounce in perspective, as of Tuesday’s close, the stock had retraced 42.3% of the of the $22.84 (65.3%) plunge the stock suffered since Biden dropped out of the presidential race on July 21 through the Sept. 23 closing low, which was the lowest price seen since the parent of Trump’s social-media platform Truth Social went public officially went public.