Trump Media’s Stock Surges as Investors Grow More Bullish on His Chances of Winning U.S. Presidential Election
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variety.comTodd Spangler NY Digital Editor Shares of the social media company affiliated with Donald Trump have more than doubled in the last three weeks.
Investors in Trump Media & Technology Group, which operates the Truth Social social media network, have rallied behind the stock as online betting sites have increased their odds that Trump will win the 2024 U.S.
presidential election. On Monday (Oct. 14), TMTG’s stock price was up more than 19%, to more than $30 per share. That comes after the stock closed at $12.15 per share on Sept.
23 in the wake of the expiration of a six-month lockup period during which TMTG insiders were not allowed to sell their stock.
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