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Fortune

Paolo Confino

Trump Media stock was halted three times on Election Day after its price dropped 15% in just 15 minutes

Trump Media Donald Trump Kamala Harris Refinitiv

Former President Donald Trump (Credit: Rich Graessle/Icon Sportswire)

Trading on Trump Media stock was halted three times on Election Day because the share price changed too quickly.

Trump Media, which trades under the stock tucker DJT, opened Tuesday—Election Day—at $37 a share, up 8.5% from Monday’s closing price. The stock continued to rally on Tuesday, trading at over $40 a share by mid-afternoon. Then suddenly the stock started to fall precipitously, dropping 15% in 15 minutes.

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