Reported 28 days ago
Shares of Trump Media, owned by Donald Trump, dropped 14% following a presidential debate where Kamala Harris effectively challenged Trump, improving her odds of winning the election. Since mid-July, Trump Media's stock has declined nearly 60% as Harris, who recently replaced Joe Biden as the Democratic candidate, gained support. With rising betting odds favoring Harris, analysts note the stock is closely tied to Trump's election chances. Furthermore, an impending shareholder lock-up expiry could exert additional pressure on the already declining stock price.
Source: YAHOO