Former Secret Service Agent Tim Miller talks about protecting President Trump after the second assassination attempt on Varney & Co.
Stock Trump Media and Technology Group The stock price was volatile on Monday, the day after the attempted assassination of former President Trump, the company's largest shareholder.
In afternoon trading, the stock was down nearly 4 percent at $17.30 per share.
The drop came after shares of Trump Media, which owns Truth Social, surged 30% on Friday and rose 12% after the former president told reporters he would not sell his stake in the company and leave office. Social Media Platform.
Shares of Trump Media, which owns former President Donald Trump's Truth Social, fell on Monday following a new assassination attempt on the former president. (Illustration by Dado Ruvic/Reuters Photo)
President Trump was the victim of a second assassination attempt on Sunday when Secret Service agents opened fire on a gunman outside the Trump International Golf Club in West Palm Beach, Florida.
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Authorities arrested Ryan Wesley Routh, who was allegedly carrying a rifle when officers opened fire on him.
The shooting in Trump's suburb comes nearly two months after the first assassination attempt on the former president.
Former President Trump was shot in the ear by an assassin during a rally in Butler, Pennsylvania on July 13, 2024, and was rushed off the stage. (Anna Moneymaker/Getty Images)
Trump owns about 57% of Trump Media, whose shares fell last week following a television debate with his Democratic rival. Vice President Kamala Harris Stocks fell steadily for weeks this month ahead of a key day when President Trump and other company officials are allowed to sell stock.
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Trump Media's value has ballooned to nearly $10 billion since it went public on the stock market in March. Trump Media shares are popular among individual investors, who see them as a speculative investment in the chances that Trump will secure a second four-year term as president.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| David | Trump Media & Technology Group, Inc. | 17.24 | -0.73 |
-4.04% |
Trump Media & Technology Group, Inc.
But Trump Media's shares have lost most of their value since going public, and the decline has accelerated in recent weeks as President Biden gave up his re-election bid and Trump lost his lead in the polls ahead of the Nov. 5 presidential election.
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Under the terms of Trump Media's IPO, Trump and other insiders will be allowed to sell shares starting later this month, potentially pumping more shares into the market.
Fox News' Stephanie Price and Reuters contributed to this report.
