Trump Media Slumps Near 52-Week Low, Focus Turns to TAE Deal as Next DJT Catalyst
Trump Media & Technology Group Corp. fell 5.45% to close at $7.80 on Friday, Google Finance showed. After hours, the stock changed hands at $7.89. Shares remained close to their 52-week low of $7.75. Market cap stood around $2.16 billion, with about 4.16 million shares traded, in line with typical volume. DJT’s drop stood out as both the S&P 500 and Nasdaq Composite closed higher for the session on June 12. DJT is under more pressure this week as the market weighs the June 10 update with TAE Technologies. Trump Media and TAE told the SEC they're still working to close their planned merger, aiming for a fourth-quarter 2026 finish or earlier. The companies also said talks about spinning off some media assets, including Truth Social, into another public company have ended.