Shares in Donald Trump’s media company tumbled to a new low on Monday, extending a weeks-long slide, amid a period of political turmoil for the president.
Trump Media & Technology Group (TMTG) stock closed at $10.85 per share on November 17, marking a 32 percent drop over the past month and the stock’s lowest price since listing. The decline has been steady, with the share price falling from around $16 in late October and losing ground almost daily through mid-November.
The drop coincides with a string of political upsets for Trump and the Republican Party, including election wins for Democrats in New York, California, Virginia and New Jersey, and the release of more emails related to the Jeffrey Epstein case.
The House of Representatives is set to decide on Tuesday whether to require the Justice Department to make its full trove of Epstein-related records public. Should the measure pass, it would then head to the Senate before reaching the president. Trump said Monday that he intends to approve the legislation if it reaches his desk.
More to follow.
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