Trump Media shares opened at $37.52 on the NASDAQ stock exchange and reached a high of $40.74 at about 10 a.m. EST, dropped to a low of $36.51 an hour later and briefly plateaued above $40 before dropping to $39.36.

Major U.S. indexes gained at midday Tuesday as investors awaited the results of the U.S. presidential election.

On Election Day as voters headed to the polls, the wild fluctuations that have become the hallmark of Trump Media & Technology Group's stock continued their dizzying course. The parent company of Truth Social was halted three times for volatility.

Trading on Trump Media stock was halted three times on Election Day because the share price changed too quickly. Trump Media, which trades under the stock tucker DJT, opened Tuesday—Election Day—at $37 a share,

Truth Social owner Trump Media & Technology Group, Trump’s social media company, initially skyrocketed in value after CNN and other media outlets projected Trump won Tuesday’s presidential election. Trump Media’s stock,

The parent company of Donald Trump's social networking site Truth Social lost $19.2 million in the last quarter, according to an earnings report released on the same day he won back the presidency. Trump Media and Technology Group reported late Tuesday that much of that loss stemmed from more than $12 million in legal fees,