Truth social stock price showing mild gains at $31

Truth Social stock price showing mild gains at $31.97 aligns with broader social media stocks rally, suggesting sector-wide sentiment improvement. Cracker Barrel said on Sept. 9 that it would not be redesigning its restaurants, as previously announced in March. The chain had made plans to "refresh" its restaurants for a younger crowd, such as cleaning up the eclectic wall decor. Only four of the chain's 660 restaurants were updated but, similar to the logo change, the redesign was met with backlash. As of midday Wednesday, the company's stock price was down about 5%. Truth Social stock price recently saw a notable uptick, trading near $32.45 after a 3.2% intraday gain. Analysts attribute the move to heightened retail investor interest and increased mention on social media sentiment trackers, signaling short-term volatility potential.