Shares of Trump Media, owner of the social networking site Truth Social, rose sharply at the opening bell after the first US presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he. ..
Shares of Trump Media, owner of the social networking site Truth Social, rose 5% at the opening bell on Friday after the first US presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.
President Joe Biden It is former president Donald Trump clashed on Thursday night topics including abortion, immigration and January 6, 2021 attack on the US Capitol.
Biden performance was largely seen as uneven, especially at the beginning. He repeatedly tried to confront trumpwho countered Biden’s criticism by relying on falsehoods about the economy, illegal immigration and his role in the January 6 insurrection.
In political futures markets, where investors can bet on candidates’ political fortunes, the odds of Biden remaining the Democratic Party’s nominee dropped 29% after the debate.
Citi analysts said Friday there may be greater interest in Trump Media & Technology based on news headlines after the debate.
Trump Media Stock & The technology came under attack during Trump’s run for president and swayed wildly a day after Trump’s conviction in his silent trial.
A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through secret payments to a porn star who said the two had sex.
The stock, which trades under the symbol “DJT,” was extraordinarily volatile since its debut in late March, joining the ranks of meme stocks that tend to ricochet from highs to lows as investors with small pockets try to catch an upward swing at the right time.
Stocks have tripled this year, in the process often making double-digit percentage moves up or down in a single day. It reached a peak of nearly $80 in intraday trading on March 26. To put it into context, the S&OP 500 is up almost 10% year to date.
Trump Media & The technology reported in May that it lost more than $300 million in the last quarteraccording to its first earnings report as publicly traded company.
