Trump's Company's Stock Fell After The Polls Closed

Vote counting is still underway, and Democrats are already leading in several states.

Shares of Trump Media & Technology Group, a company linked to U.S. President Donald Trump, fell 5.88% in after-hours trading on the Nasdaq, according to data from the exchange.

As of 4:30 a.m. Minsk time, the price per share had fallen to $5.60, reports RBC.

Trump Media & Technology Group shares closed the main trading session up 5.12% ($5.95). However, after the market closed, the price began to fall.

At the same time, the president’s cryptocurrency, Official Trump (TRUMP), is also falling in value. The meme coin lost more than 5% of its value, dropping to $1.518, according to data from the Binance cryptocurrency exchange. Over the past 24 hours, the token’s price fluctuated between $1.506 and $1.617.

The price decline occurred after the closing of the first polling stations in the U.S. midterm congressional elections, which are taking place on November 3. Americans are electing a new House of Representatives and a portion of the Senate. Vote counting is ongoing, and in several states the first results have already been reported—with Democrats in the lead.

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