The Trump Media & Technology Group DJT.O, which is 57% owned by the GOP presidential candidate who is running against Vice President Kamala Harris, has seen a significant upsurge this week, soaring 46% to close at $24.12.
During the trading session, around 44 million shares were traded, which is nearly three times the average volume over the past 30 days, as per data from LSEG.
According to the online betting site PredictIt, the probability of Trump winning the presidential election on November 5 has slightly increased, moving up to 52 cents from 49 cents just a week earlier.
Vice President Harris’ chances remain at 52 cents, experiencing a slight decrease from 55 cents the previous week, also reported by PredictIt.
PredictIt operates as an online platform that allows trading on the outcomes of various events, providing insights that go beyond traditional polling data in political realms.
Since its public launch on Wall Street in March, Trump Media’s market valuation surged close to $10 billion. This spike was fueled by the fervent support of Trump followers and individual investors who view the stock as a high-risk, high-reward gamble on Trump’s potential to secure another four-year term.
Similar Posts:
- Trump’s Media Stock Skyrockets as Odds Favor Another White House Victory
- Will Trump Media Stock Soar or Stumble in the Next Year? Find Out!
- Harris Commits to Major Housing Investment, Trump Offers Federal Land Solution
- Wall Street’s Top US Counties to Watch on Election Night
- Americans Speak Out: Election Outcomes Could Majorly Impact Their Finances!
Passionate about analyzing economic markets, Alice M. Carter joined THE NORTHERN FORUM with a mission: to make financial concepts accessible to everyone. With over 10 years of experience in economic journalism, she specializes in global economic trends and US financial policies. She firmly believes that a better understanding of the economy is the key to a more informed future.
