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Trump Media Stock Pulls Back After Soaring Wednesday
Key Takeaways
Truth Social parent Trump Media & Technology Group ( DJT ) stock gave back some of yesterday's sharp gains Thursday morning as the broader market's tariff relief rally lost steam .
Shares of President Donald Trump's media company soared 22% Wednesday as broader markets staged a history rally following his Truth Social announcement of a 90-day pause on most tariffs.
Soon after markets opened Wednesday and nearly four hours ahead of announcing the pause, Trump posted on Truth Social, "THIS IS A GREAT TIME TO BUY!!! DJT." Trump Media's stock ticker is a nod to the president's initials. ( Trump's majority stake in the company is currently held by a trust.)
Trump Media shares were down 7% in recent trading. They have fallen about 45% so far this year.
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