Shares of Trump Media, which operates the social-media platform Truth Social and is viewed as a Wall Street proxy for Republican nominee Donald Trump's election bid, soared last week.
Shares of Trump Media & Technology Group, which owns former President Donald Trump's social media platform Truth Social, jumped more than 15% on Monday—adding more than $500 million to Trump's net worth, though the company is still trading well below earlier this year.
Shares of Trump Media and Technology Group are up more than 50% over the past month as the former president's chances of winning the 2024 election surge.
The shares have gained 46% over the past month, but are still down 38% from three months ago.
DJT was exceptional last week: Up over 50% on 200M share trading volume. The stock is now well above its $12.50 low, the $15 major barrier, and the $17.50 January starting point.
Prosecutors are asking a New York federal court judge to sentence two brothers to years in prison for their insider trading in a blank-check company's securities before it announced a planned merger with Trump Media. Michael Shvartsman and Gerald Shvartsman pleaded guilty in the case, which involved their purchase and sale of securities of Digital World Acquisition Corp.
Trump Media & Technology Group DJT has been on a wild ride this year, skyrocketing 44.6% over the past month and boasting a year-to-date gain of 38%.
Donald Trump Media & Technology Group (NASDAQ: DJT) has been on a tear, with shares rocketing 50% in the past week alone.
Trump Media's stock has become a sort of Wall Street proxy for Republican presidential nominee Donald Trump.
Trump Media is making a bigger push into streaming video, and the stock is now up 47% over the last week.
Trump's odds of winning the Nov. 5 presidential election have edged higher on PredictIt in recent days.
Shares of Truth Social's parent company jumped Thursday, rising as the company announced some product news that helped the stock touch its highest level in months.