Shares of Trump Media & Technology Group (DJT) surged after markets opened on Monday, the first trading session since the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday. This incident has drawn significant media attention and appears to have influenced investor behavior.
By 10:30 a.m. ET, the company’s stock, which owns the Truth Social social-media platform, had risen 35% to $41.75, slightly below the morning’s peak. This significant increase returns the often-volatile shares, which have more than doubled this year, to levels last seen in mid-June. However, they remain below the highs of just under $80 reached in April. The sharp rise highlights the heightened market sensitivity to events surrounding Trump and his affiliated ventures.
The stock’s rise also coincides with the commencement of the Republican National Convention, starting today in Milwaukee. This event is expected to further spotlight Trump and his political influence, potentially affecting market perceptions and the performance of his associated enterprises.
In addition to recent events, Trump Media & Technology Group experienced a significant milestone in early July by joining the Russell 3000 and Russell 1000 indexes. This inclusion followed its merger with Digital World Acquisition Corp., a blank-check company, earlier this year. The merger and subsequent index additions have provided the company with greater visibility and credibility among investors.
The company’s rapid ascent in the stock market is indicative of both the volatile nature of stocks linked to high-profile individuals and the substantial interest in Trump’s media ventures. Investors are closely watching how these developments will impact the company’s future growth and market positioning.
For more detailed information about Trump Media & Technology Group and its ventures, please visit their official website.
