Trump Media Shares Surge Over 18%, Following Momentum From Former President Donald Trump's Return To Butler, PA

Benzinga 2024-10-11

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Shares of Trump Media surged over 18% Thursday, marking its fourth consecutive day of gains. Over 45 million DJT shares were traded Tuesday, tripling the 30-day average, following momentum from Donald Trump's recent rally near Butler, Pennsylvania. The event drew thousands of supporters and included an endorsement from Tesla CEO Elon Musk. Trump Media's Truth Social platform has a much smaller user base than larger social media platforms like X and Facebook. Some analysts see Trump Media as an opportunity for retail investors to support Trump or wager on his chances of defeating Kamala Harris in the upcoming election.

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