Shares of Trump Media Soar After He’s Named President-Elect

President-elect Donald Trump got another unexpected gift after his historic comeback victory over Vice President Kamala Harris.

CNBC reported Wednesday morning that shares of Trump Media & Technology Group, the umbrella company that owns the Truth Social platform, soared 16 percent shortly after Wall Street opened, “paring gains from the premarket session that pushed shares up about 50% and above $51 a share.”

The stock continued its upward trajectory overnight as Trump established a solid lead in the Electoral College, significantly narrowing Vice President Kamala Harris’s path to victory.

Trading was halted several times on Wednesday morning due to volatility, CNBC reported.

The stock, considered a market proxy for the former president, rallied despite a surprise earnings report released after the bell indicating a loss of $19.2 million in the third quarter. Trump owns a majority of the company that runs Truth Social.

Shares have experienced volatility throughout the election season, fluctuating as Trump’s fortunes shifted during his tight race against Democratic Vice President Kamala Harris.

VA

Related Posts

“This 80-Year-Old Decides to Try Something New…” LOL

This old man in his eighties got up and was putting on his coat. His wife said, “Where are you going?” He said, “I’m going to the…

You’ll Never Guess What Paprika Is Really Made Of — and Why It’s So Good for You

This surprisingly common spice has a secret origin, and the story might just make you chuckle — or rethink your spice rack. Sometimes, the smallest moments in…

Unique perfumes, perfect for the most sophisticated and elegant.

Perfume is more than scent—it’s a statement. Here are five standout fragrances for women who want to leave a lasting impression: Light Blue by Dolce & Gabbana…

Sleeping on your side means you are…

When we think about good health habits, we often focus on diet, exercise, and stress management. But one crucial factor is often overlooked: your sleeping position. Surprising,…

Mini Str0ke in the Elderly: Common and Unusual Symptoms

Are you worried about your elderly loved one’s health? Are they displaying any unusual symptoms that could be a sign of a mini str0ke? If you’re concerned,…

Why do pimples form

Leave a Reply

Your email address will not be published. Required fields are marked *