With hours to go before polls close Tuesday—and some longer number of hours until Americans know who the next president will be—traders in shares of former President Donald Trump's social-media company were having another wild day.
The publicly traded social media company owned mostly by former President Donald Trump staged a minor rally Tuesday in a rocky final trading session ahead of polls closing.
Results of the 2024 election will begin coming in this evening, though it's unlikely we'll know whether Donald Trump or Kamala Harris won on Election Night. But investors in Trump Media (Nasdaq: DJT) are betting heavily on a Trump victory.
With hours to go before polls close Tuesday (and some longer number of hours until Americans know who the next president will be) traders are betting on Trump—or, at least, his social-media company's stock.
Trump Media's stock was rising above a level that suggests investors are expecting former President Trump to win the election.
On the day of voting for the next US president, shares in Donald Trump's media firm Trump Media & Technology Group Corp continued to recover from their recent lows. After rising over 12% to $34.34 as the election campaign drew to a close on Monday, the stock added almost another 9% to top $37 in pre-market trading on Tuesday ahead of a busy day for polling stations.
The stock, which trades under the ticker DJT, has whipsawed over the past few weeks.
Improving poll numbers for Trump boosted the stock.
Shares of Trump Media & Technology Group Corp. were surging 11.4% Monday, on the eve of the presidential election.
The 2024 U.S. Presidential election is tomorrow, and Trump Media & Technology Group Corp (NASDAQ:DJT) continues to be a focus for investors.
One day before millions of Americans will take to the polls to vote in the most contentious election in modern U.S. history, shares in former president Donald Trump's media company, Trump Media & Technology Group Corp. (Nasdaq: DJT), are falling for the second trading day in a row. Here's what you need to know about DJT's stock slump and what it may mean for the election.
Shares in the Truth Social parent are likely to swing wildly, with just one day left until Americans take to the polls.