Trump Media (NASDAQ: DJT ) stock rose almost 10% overnight after the former president's performance at his debate with President Joe Biden. The stock was trading at over $40 per share early on June 28, and its market capitalization rose to $7.1 billion.
Trump Media & Technology Group Corp DJT has had a wild ride, with the stock skyrocketing 190% over the past year and 110% year-to-date. However, recent technical indicators suggest caution, as the stock has dipped 26% in the past month.
Shares of Trump Media & Technology Group jumped more than 10% at times during pre-market trading Friday morning, following the highly anticipated debate between former President Donald Trump and President Joe Biden that most pundits say went disastrously for the sitting president.
About $1.3 billion has been added to former President Donald Trump's net worth over the last week, as shares of Trump Media have significantly rebounded since falling below $27, though the value of his stake in the firm—the parent of social media platform Truth Social—is still down by more than $1 billion this month.
The stock has proven to be volatile since it began trading under the DJT ticker earlier this year, with the shares up by more than 30% in a week.
Shares of Trump Media & Technology Group closed up nearly 8% on Wednesday, adding to the stock's post-sell-off rally. The stock initially sank more than 6% mid-morning but closed up 7.92% at $39.25 per share Wednesday with a market capitalization of nearly $7 billion.
Trump Media stock has largely traded independently of news about the company,
Trump Media & Technology Group DJT could see high volatility the morning after Thursday's first 2024 presidential debate.
Trump Media & Technology Group (NASDAQ: DJT ) stock is on track for its third consecutive day in the green ahead of the first debate of the election. Indeed, DJT stock is up more than 8% as of this writing, with the first debate between President Joe Biden and former President Trump set for this Thursday, June 27.
Shares of Trump Media, which trades as DJT on the Nasdaq, rose as markets opened, clawing back more of the Truth Social maker's recent losses. The recent gains follow a sell-off that began after a Manhattan jury found Trump guilty of 34 felony counts of falsifying business records.
Trump Media (NASDAQ: DJT ) stock erupted today, days after the company was permitted to register additional shares. Indeed, DJT stock is up 23% at the time of writing, erasing some of its recent losses over the past several weeks.
Former President Donald Trump's net worth increased by nearly $900 million on Monday as shares of Trump Media surged in intraday trading to put it on track for its largest single-day gain since going public in March, though the value of his stake in the social media firm has dropped by more than $1 billion so far this month as its stock moves remain highly volatile.