Trump Media owns the social networking site Truth Social.
This is the second time Trump Media shares have risen in less than a month, having risen 5 percent following the first US presidential debate between current US President Joe Biden and former President Donald Trump on June 28.
Trump Media has seen volatile trading throughout the election race.
US media reported that Trump Media shares rose more than 30% following the start of trading on Monday.
Trading volume for Trump Media & Technology Group (DJT) stock was extremely high, with more than 17 million shares of the Truth Social owner changing hands before 10 a.m. ET.
The company’s shares have been witnessing clear fluctuations since its listing, some of which are directly linked to developments related to Trump himself, including his recent conviction on 34 criminal charges, which led to relatively sharp declines in the stock since then before it relatively recovered its losses.
Trump was the target of an assassination attempt while speaking at a campaign rally in Pennsylvania on Saturday, July 13.
A video clip documented the moment of the assassination attempt on him moments following he took the stage, as the Secret Service escorted him away with blood pouring from the side of his face.
Trump confirmed on social media that he was shot in the “upper part of his right ear.”
Pennsylvania police said one person was killed and two others were seriously injured in the incident, confirming the death of the perpetrator, Thomas Crooks.
Source: American media
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2024-07-16 14:08:43
