Shares of Trump Media & Technology Group hit record lows on Tuesday after Donald Trump returned to rival platform X.
Trump Media shares fell to $21.33, down over 4%, and were last at $21.84, down 1.8% for eight losses.
Trump’s shrinking poll lead and election odds have recently impacted the stock, seen by some traders as a Trump re-election bet.
The stock hit $79.38 during its Nasdaq debut on March 26, following its merger with Digital World Acquisition Corp.
Earlier this month, Trump Media reported a $16.4 million loss and $837,000 revenue, with its market value dropping to $4.3 billion.
Trump returned to posting on X last week, aligning with his interview with owner Elon Musk after nearly a year.
Recently, Trump has lost his significant lead in polls against Vice President Kamala Harris, the Democratic candidate.
With 78 days until the Nov. 5 vote, Harris victory contracts are trading at 56 cents, offering a $1 payout on PredictIt.
Trump futures are now 46 cents, down from as high as 69 cents in mid-July.
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