Trump Media Shares Suspended on Volatility as DJT Rally Accelerates

Trading in Trump Media shares was halted several times on Tuesday morning amid volatility as the company owned by Donald Trump rose in the opening hours.

The company, which trades on the Nasdaq as DJT, was halted for five minutes at 9:36 a.m. ET, when shares rose nearly 14%.

Trading was closed for the second time at 9:42 am, with shares up nearly 9%.

About 16 million DJT shares changed hands in the first 10 minutes of the trading day.

The volatile session came after DJT stock was already up more than 21% on Monday on extremely heavy trading volume.

The gains came during a pre-election stock rally that began in late September, following a month-long sell-off that dragged the company's share price below $12.

Just a month later, shares of Trump Media were trading at more than four times that price.

The company's stock has now surpassed its most recent peak in mid-July, when its shares surged after a Republican presidential nominee narrowly survived an assassination attempt.

Trump owns about 57% of the company, which operates the Truth social platform. His shares were worth $5.4 billion at Monday's closing price, representing more than half of his on-paper net worth, according to Forbes.

In the opening hours on Tuesday, the former president's shares were worth more than $6 billion.

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