Trump Media & Technology (DJT) Surges Over 60% Pre-Market: What's Driving The Rally?
Portfolio Pulse from Shanthi Rexaline
Trump Media & Technology Group Corp. (NASDAQ:DJT) surged over 60% in pre-market trading following a shooting incident at a Republican rally in Pennsylvania. The incident has increased the odds of a Trump victory, which is seen as positive for the company. Trump owns a 64.9% stake in TMTG, which went public in March after merging with Digital World Acquisition Corp.
July 15, 2024 | 9:54 am
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Trump Media & Technology Group Corp. (NASDAQ:DJT) surged over 60% in pre-market trading following a shooting incident at a Republican rally. The incident has increased the odds of a Trump victory, which is seen as positive for the company.
The sharp increase in DJT's stock price is directly linked to the heightened odds of a Trump victory following the shooting incident. Investors are optimistic about the company's prospects under a Trump administration.
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IMPORTANCE 90
RELEVANCE 100