Trump Media Shares Take A Hit, His Election Betting Odds Too

by Joe Mandese , May 31, 2024

Convicted felon Donald J. Trump took a hit with investors and oddsmakers following Thursday's verdict. Shares of Trump Media & Technology Group (sticker symbol DJT), the parent company of Trump's Truth Social media platform bounced down, then up and down again in this morning, trading near its 52-week low.

The verdict also quickly impacted his 2024 presidential election odds. While still a favorite, Trump's odds dropped from -165 to -120 on BetOnline.ag, while Joe Biden improved from +130 to +110.

(DJT), the parent company of former President Donald Trump's social media platform Truth Social, bounced back from extended-hour trading losses to rise about 2% shortly after the opening bell on Friday after Trump was found guilty on all 34 counts of falsifying business records intended to influence the 2016 presidential campaign.

media stocks, politics, social media

1 comment about "Trump Media Shares Take A Hit, His Election Betting Odds Too".

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