Trump Media stock touches $5.68, its lowest price during the Oct. 29 session
Key Facts
Trump Media stock touched an intraday low of $5.68 on Oct. 29 before closing at $5.78, down 3.18% from the previous session, according to Stock Analysis data. The trading range was $5.68 to $5.94, and volume reached 5,439,818 shares. The close came amid a series of declines in recent trading days, after the stock ended the Oct. 23 session at $6.40. The $5.68 price was not the closing price, but the lowest level the stock recorded during the session. The move offers the latest reading of the stock’s performance as markets await developments in the company’s business and its proposed merger with TAE Technologies.
Closing prices fell from $6.40 on Oct. 23 to $6.14 on Oct. 26, then rose to $6.36 on Oct. 27. The stock resumed its decline in the next two sessions, closing at $5.97 on Oct. 28 and $5.78 on Oct. 29, according to EL7 data. The trajectory shows an overall decline between the first and last closes in the series, despite the increase recorded on Oct. 27. In the latest session, the closing price was below the lowest previous close in this series. The data provided no specific explanation for the stock’s moves in those sessions.
On business results, Trump Media reported a net loss of $238.1 million in the second quarter of 2026 and said most of the losses were non-cash. Revenue was $1.7 million, up 89% from $0.9 million in the same period of 2025, according to the earnings statement filed with the U.S. Securities and Exchange Commission. The company attributed $190.4 million of the losses to unrealized losses on digital assets, staked digital assets and securities. That puts revenue growth in the context of a limited revenue base relative to the size of the reported net loss. The company said cash used in operating activities was $13.7 million during the quarter, including $25.6 million in legal expenses related mainly to previous disputes.
On the merger, Trump Media and TAE Technologies announced on Sept. 30 that they had filed an S-4 registration statement with the U.S. Securities and Exchange Commission for a proposed all-stock transaction. The two parties had entered into the merger agreement on Dec. 18, 2025. Under the announced terms, shareholders of each company would own about 50% of the combined entity on a fully diluted basis. Interim CEO Kevin McGurn described the filing as “a major step toward completing this merger and providing the capital to fund TAE’s development of commercial fusion energy.” The company said the registration statement was not yet effective at the time of the disclosure, and that securities related to the merger could not be sold before the SEC declared it effective.
McGurn said the company hopes to complete the merger with TAE before the end of 2026, according to the Associated Press, making the registration statement’s effectiveness and the completion of regulatory procedures among the deal’s next milestones. The agency noted that Trump Media had largely abandoned plans to expand into activities such as online betting and cryptocurrency, with management returning its focus to social media. The agency also reported that the company recorded revenue of $1.7 million in the second quarter, more than doubling year over year. On the day results were announced in August, the stock fell 8% in regular trading, then edged lower in after-hours trading. The agency also reported that the company has $1 billion in convertible notes due in 2028, with lenders holding an option to demand cash repayment in November, and that the company had more than $400 million in cash and short-term investments at the end of the quarter.
Major U.S. indexes fell on Oct. 29, with the S&P 500 down 0.3%, the Nasdaq down 1.4% and the Dow Jones down 0.3%, according to the Associated Press. The agency attributed the main share of the market’s losses to a drop in Alphabet, which recorded its worst decline ever after reporting weaker-than-expected growth over the summer. The index moves provide a backdrop of a falling U.S. market, but do not establish the reason for Trump Media stock’s move that day. The agency had linked Alphabet’s decline to its growth results, without attributing Trump Media stock’s move to that factor. The company’s stated target of completing the TAE merger before the end of 2026 remains the most prominent subsequent corporate development cited in the available statements.