Trump Media & Technology Group shares recover after post conviction sell-off

The download screen for Truth Social app is seen on a laptop computer, March 20, 2024, in New York. Shares of Trump Media & Technology Group, the owner of social networking site Truth Social, rebounded before the opening bell Friday after former President Donald Trump was convicted in his hush money trial.

The stock, which trades under the ticker symbol “DJT,” has been extraordinarily volatile since its debut in late March, joining the group of meme stocks that are prone to ricochet from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time. Earlier this month, Trump Media reported that it lost more than $300 million last quarter, according to its first earnings report as a publicly traded company.

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