Shares of Trump Media, the owner of social networking site Truth Social, jumped five per cent at the opening bell on Friday, with some investors believing it could become a bigger mouthpiece for the former US president if he is re-elected.
clashed Thursday evening on topics including abortion, immigration and the January 6, 2021 attack on the US Capitol.Party insiders discussing knocking Joe Biden off the ballotRepublican presidential candidate former US President Donald Trump speaks during a presidential debate hosted by CNN with President Joe Biden, Thursday, June 27, 2024, in Atlanta.
In political futures markets, where investors can put money on the political fates of candidates, Biden's odds of remaining the Democratic party's nominee slid 29 per cent after the debate. Shares of Trump Media & Technology have been buffeted during Trump's run for president and swung wildly a day after Trump's conviction in his hush money trial.Pedestrians walk past a Nasdaq window displaying news on Trump Media on March 26, 2024, in New York.
The stock, which trades under the ticker symbol "DJT," has been extraordinarily volatile since its debut in late March, joining the group of meme stocks that are prone to ricochet from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.
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