Trump Media shares hit record low as race tightens for former US president

Shares of Trump Media & Technology Group (DJT), which is majority-owned by former United States President Donald Trump, have sunk to record lows following the Republican presidential candidate’s recent return to rival social media platform X and his dwindling lead in polls for the upcoming presidential election.

Trump Media shares dropped on Tuesday to as low as $21.33, down more than 4 percent. The stock finished down 3.7 percent at $21.42, marking the eighth consecutive session of losses.

Trump’s dwindling lead in the polls and election betting markets in recent weeks has also hit the stock, which has been seen by some retail traders as a bet on whether Trump would win a second term.

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