GrabAGun Shares Plummet as Trump Jr.’s Pitch Falls Flat (1)

Shares of GrabAGun Digital Holdings Inc. have slumped since their public debut even after Donald Trump Jr. extolled the online firearms retailer.

The stock has slid more than 50% across its first five sessions after trading began on July 16 following a merger with a special-purpose acquisition company. The shares fell 0.5% to close at $8.31 on Tuesday, well below their $10 initial public offering price.

GrabAGun has said in fundraising materials that firearms businesses were “stymied by ‘woke’ capital constraints” and financial institutions’ reluctance to lend to them. The eldest son of the US president, who is an ...