Shares of Trump Media soared, keeping up a recent rally that has reversed some of the Truth Social operator's steep losses from a recent weekslong sell off.
Trump said in a statement to The Wall Street Journal on Wednesday that he supports lowering overseas Americans' taxes.
The Tesla CEO's cameo at a Republican presidential rally appears to have sparked a rebound for the social-media stock.
Shares of Trump Media surged, putting the Truth Social operator on track for its fourth straight day of gains.
Trump Media (DJT, Financial) stock is experiencing significant gains today, with the share price reaching $20.97, reflecting a 14.03% increase. This surge can be attributed to heightened interest following Tesla CEO Elon Musk's appearance at a recent campaign rally for Donald Trump, which has captured the attention of meme-stock investors.
Shares of Trump Media & Technology Group—the parent company of former President Donald Trump's Truth Social—jumped by double digits Tuesday afternoon, increasing Trump's net worth by nearly $400 million, but the company is still trading well below its peak.
Shares of Trump Media & Technology Group are on pace to extend their winning streak to four days, their longest since a four-day streak that ended June 26.
On Monday, shares of Trump Media & Technology Group (DJT, Financial) surged by over 14%, reaching $18.85. This significant increase followed the U.S. Supreme Court's decision to dismiss a lawsuit filed by Elon Musk's X Corp. The lawsuit alleged that Special Counsel Jack Smith violated the First Amendment by obtaining a search warrant for Trump's communications on Twitter and subsequently restricting the company from disclosing this information.
The stock is on pace for its biggest gain since July 15, the first trading session after an assassination attempt against Donald Trump in Pennsylvania.
Musk said on Saturday that the contest between Donald Trump and Kamala Harris was a “must-win situation" for the Republicans.
COO Andrew Northwall last month left the company that now owes almost 800,000 shares to an investor
The No. 2 executive at Trump Media & Technology, the company that runs Trump's Truth Social, has resigned. A report said his departure is linked to a whistleblower complaint.