Trump Media & Know-how Group shares surged on Tuesday in an Election Day rebound as voters head to the polls to decide on both majority shareholder former President Donald Trump or his opponent, Vice President Kamala Harris.
The inventory, which trades below the ticker DJT, is in style amongst retail merchants and is seen as a speculative guess on Trump’s probabilities of successful a second time period within the White Home.
Former U.S. President Donald Trump dances at his marketing campaign rally at Crotona Park within the South Bronx on Thursday, Could 23, 2024 in New York Metropolis. (James Devaney/GC Photographs / Getty Photographs)
Trump Media shares jumped greater than 14% within the Election Day rally, however have been risky for weeks. The inventory topped $40 per share at its excessive for the day as of Tuesday afternoon, however was down by greater than 20% over the previous 5 days.
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Final week, DJT had its worst day ever, plunging 22% on Wednesday and shedding greater than $1 billion from Trump’s web value. The declines continued the following day, and shares of the Reality Social father or mother firm have been halted twice within the morning resulting from volatility.
Ticker Safety Final Change Change % DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 31.91 +4.21
+15.22%
Trump Media & Know-how Group Corp.
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Nonetheless, Trump Media shares are up greater than 100% over the previous month, which prompted the previous president’s web value to almost double to $8 billion at one level, in line with Forbes, which tracks the wealth of the world’s richest individuals.
Trump Media and Know-how Group operates social media platform Reality Social (REUTERS/Dado Ruvic/Illustration / Reuters Pictures)
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For the second quarter, Trump Media reported a lack of $16.4 million and income of $837,000. The corporate has a market capitalization of round $6 billion.
Reuters contributed to this report.
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