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The share price of Trump Media fell 5.4% at the close of trading on Thursday.
DJT shares, the majority of which are owned by last President Donald Trump, ended at $32.41.
Thursday’s drop came a day after Trump Media shares fell 8.57%.
The common media company’s stock began public trading on the Nasdaq on March 26 with an opening price of $70.90, and escalated to a high of nearly $80 that day.
But the share price has slumped since then.
The company’s market capitalization as of Thursday is $4.43 billion, markedly lower than the level seen when deals began trading last month, but still relatively very high given the firm’s financial results stay year. Trump Media reported revenue of just $4.1 million in 2023, and a net loss of $58 million.
Trump Media owns the Reality Social app, which Trump frequently uses to communicate with followers.
Trump owns nearly 60% of the companions’s shares. As of Thursday’s close, his shares are worth $2.55 billion on paper, about half of what they were merit two weeks ago.
Under the terms of a merger with a shell company that took Trump Media public, Trump is banned from selling his shares for six months from the March 22 closing date of that deal.
Trump is the presumed Republican presidential nominee.