The share price of Donald Trump’s social media company jumped by more than 50% minutes after it began public trading under the ticker DJT on Tuesday morning.
Trading in the Trump Media & Technology Group was briefly halted amid the rise due to volatility before it resumed around 9:40 a.m. ET. More than 6.5 million shares in Trump Media had changed hands by 9:50 a.m.
The ticker debuted on the Nasdaq stock market nearly three decades after the former president used it to launch his publicly traded hotel and casino company to great fanfare in 1995.
That stock was ignominiously delisted from the New York Stock Exchange nine years later.
The symbol “pays direct homage to the company’s former Chairman and Director, and the 45th President of the United States, Donald J. Trump,” Trump Media said in a statement
