Friday, December 13, 2024

UPDATE MONDAY Noon: Trump Media Stock Drops to 20 Bucks, Keeps Falling, Hits 52 Week Low as Investors, Followers Jump Sinking Ship

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MONDAY UPDATE 12:25 PM

Truth Social keeps dropping, falls to $20.99. We’ll see how low it can go today…

When you wake up Tuesday morning, Donald Trump’s Truth Social stock will be in free fall.

Yesterday, Trump Media closed at its 52 week low, at $21.66. It was down from Friday by almost 5%.

Trump Media stock is kind of a bellwether about the presidential campaign. But instead of indicating a growing popularity. the stock price is showing the incursion Kamala Harris is making into Trump’s run.

Will it fall more today? Trump Media usually gets knocked off a cliff, then plateaus for a few days before its next trip downward.

Maybe Trump’s possible call off of the September 10th debate with Harris caused the drop. Or maybe it’s just because Truth Social is a sewage that even Ed Norton of “The Honeymooners” wouldn’t work in.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.

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