Shares of the parent company of Donald Trump’s social media platform Truth Social hit a new low on the first day of the Democratic National Convention.
Trump Media and Technology Group shares closed at $22.24 on Monday, down 3.56% from their previous close and the lowest closing price since the company went public in March. The previous low was $22.84 on April 16, the second day of Trump’s criminal trial in New York where a jury convicted him of 34 counts of falsifying business records.
Trump Media Inc. shares, which trade under the ticker DJT, have been on a near-constant slide since mid-July. The new decline comes as Trump’s campaign struggles to find its footing against Democratic vice presidential nominee Kamala Harris. Earlier this month, the company reported a loss of more than $16 million and revenue of less than $1 million in its fiscal second quarter.
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