6 months ago
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Trading in Trump Media shares was briefly halted Tuesday due to volatility, after the Truth Social owner's stock suddenly plunged in price.
Shares continued to fall after the five-minute trading halt lifted at 12:47 p.m. ET.
The stock, which had been up more than 13% earlier Tuesday afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred.
The whipsawing stock price came during an extremely high-volume trading session, in which more than 76 million shares had traded hands by 3 p.m. — multiple times the company's 30-day average trading volume.
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