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International Business Times
International Business Times
Bruce Golding

Nasdaq Stops Trading In Trump Media Stock Due To Volatility, Shares Close Down Almost 10%

Former President Donald Trump looks at the crowd during a campaign rally in Scranton, Penn., on Wednesday, Oct. 9. 2024. (Credit: Michael M. Santiago/Getty Images)

Shares in former President Donald Trump's social media company closed down nearly 10% Tuesday after volatility led the Nasdaq Composite to briefly halt trading of the stock.

The price of Trump Media & Technology Group, which closed Friday at $29.95 a share, was up more than 13% Tuesday afternoon before it reversed course and plunged to 6% down, prompting the five-minute stoppage, CNBC reported.

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