Trump Media and Technology Group (DJT) stocks’ rally extends, gaining over 18% today
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The Trump Media and Technology Group stocks DJT continued to see steady rise on October 14, pushing the growth seen by the stock before the Trump rally in Pennsylvania. DJT jumped by over 18% today, reaching $29.95 at the time of writing. Charts show that the stock briefly hit above $30 before dropping to $29. DJT stock came into the markets in March as a meme stock, depending greatly on Trump’s success, especially in the upcoming November elections. Multiple prediction sites, including Polymarket and Kalshi, are placing Trump ahead. However, two of their counterparts, including FiveThirtyEight and RealClearPolitics, are placing Kamala Harris ahead. According to Forbes, the increased price in DJT stocks has boosted Donald Trump’s net worth by approximately $530 million. The former president and renowned businessman owns 57% of the shares of the Trump Media. The Forbes real-time tracker also ranks Trump as the 603rd wealthiest person globally, with a net worth of approximately $5.5 billion. DJT stock price fluctuates Trump Media stock has had a rocky Q3, experiencing significant lows and notable losses. The second quarter was also similar, with the DJT dropping to a 4-month low and tanking Trump’s net worth by $170 million. The stock’s good performance has been combined with significant developments, including the recent launch of the Truth+ TV streaming service, which will be accessible on Android and iOS devices. Notably, Trump Media and Technology Group stocks, DJT, spiked significantly after Trump’s failed assassination attempt in July, increasing by approximately 50%. Truth Social also increased by approximately 41%, reaching $41. The failed assassination event further influenced the prices of other Trump-related stocks, such as RUM. Pangaea’s founder, Terry Haines, explained that the assassination attempt was a major political event. Haines still noted that the attempt would only have a short-term boost to Trump’s…
Filed under: News - @ October 15, 2024 3:16 am