Trump Stock Trading Briefly Halted Amid Election Day Volatility

The NASDAQ briefly halted trading of shares in Donald Trump‘s media firm Tuesday amid Election Day volatility, a spike in volume and a price drop as the final hour of trading approached.

Trump’s DJT shares representing his Trump Media and Technology Group Corp. have been up and down all year in tandem with his always-unpredictable presidential campaign.

On Tuesday, as millions of Americans went to the polls to vote, NASDAQ halted trading in DJT shares from 2:42 p.m. to 2:47 p.m. ET. The index triggered its market cool off process as volume of trading spiked and the price began to sink from around $37 to $34 in seconds. The price rebounded after trading resumed, hovering around $36.75 at 3:30 p.m. ET.

Trump is the rare candidate to seek office who comes with a ready-made metric of how the investment community is feeling about his prospects at any given time.

DJT shares started to see a steady climb starting in mid-October as some polls showed him pulling ahead in the razor-tight races in the battleground states that are expected to be decisive factors in the final allocation of Electoral College votes.

TMTG’s primary assets include the Trump-backed social media platform Truth Social. Trump helped launch the service after he left Washington, D.C. in disgrace and was barred from the mainstream platform — Twitter — that helped fuel his rise as a force in American politics. This time around, the platform is renamed X and is owned by Trump ally Elon Musk.

More to come