Trump Media & Technology Group shares surged on Tuesday in an Election Day rebound as voters head to the polls to choose either majority shareholder former President Donald Trump or his opponent, Vice President Kamala Harris.
The stock, which trades under the ticker DJT, is popular among retail traders and is seen as a speculative bet on Trump’s chances of winning a second term in the White House.
Trump Media shares jumped more than 14% in the Election Day rally, but have been volatile for weeks. The stock topped $40 per share at its high for the day as of Tuesday afternoon, but was down by more than 20% over the past five days.
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Last week, DJT had its worst day ever, plunging 22% on Wednesday and shedding more than $1 billion from Trump’s net worth. The declines continued the next day, and shares of the Truth Socialparent company were halted twice …