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Trump Media Bounces Back 15%+ After Nearly 30% Sell-Off Earlier This Week

moomooニュース ·  04/17 17:03

By Jerry Kronenberg | Moomoo News

DJT climbed more than 15% Wednesday, partly recouping a nearly 30% drop that ex-president Donald Trump's media company had seen earlier this week.

$Trump Media & Technology (DJT.US)$ rose 15.6% to close at $26.40, snapping a two-day losing streak that saw its price fall 29.9% since last Friday.

Trump Media this week announced plans to launch a live TV service, and also separately said that it plans to issue an additional 21 million shares of stock.

Meanwhile, Trump himself had a high-profile appearance in a New York City courtroom this week for his criminal trial over his alleged improper accounting of a reputed hush-money payment to stripper Stormy Daniels.

Trump allegedly paid her off to keep their reputed affair quiet, then supposedly disguised the pay-off as a payment to his lawyer to hide the whole matter from public view.

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