Trump Media shares recover after post conviction sell-off

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.

A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.

Shares fell 9% immediately Thursday in after-hours trading as news of the verdict emerged, but they edged back into positive territory an hour before the opening bell Friday.

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.