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Shares of Trump Media, which owns the social media site Truth Social, jumped five percent at the open Friday after the first U. S. presidential debate, and some investors believe the company could become a more prominent mouthpiece for the former president if he is re-elected. . .
President Joe Biden and former President Donald Trump clashed Thursday over issues such as abortion, immigration and the Jan. 6, 2021, attack on the U. S. Capitol.
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Biden’s performance was widely perceived as uneven, especially in the early days. He has continually tried to confront Trump, who has responded to Biden’s complaint based on lies about the economy, illegal immigration and his role in the Jan. 6 insurrection.
In political futures markets, where investors can bet on the political fate of candidates, the likelihood of Biden remaining the Democratic Party nominee fell 29% after the debate.
Citi analysts said on Friday that there may be increased interest in Trump Media.
Trump Media’s moves
A New York jury found Trump guilty of falsifying business records and a scheme to illegally influence the 2016 election by secretly paying cash to a porn actor who claimed the two men had sex.
The stock, which trades under the ticker symbol “DJT,” has been incredibly volatile since its debut in late March, joining the string of meme stocks that tend to bounce up and down as small-pocketed investors look to win. Bullish momentum. Oscillation at the right time.
Inventory has tripled this year, leading to double-digit percentage movements either up or down in a single day. It peaked at about $80 in intraday trading on March 26. As a reminder, the S
Trump Media
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