Trump Media Stock Had a Wild Week

The final days of the US presidential campaign were highly dramatic for the candidates – and for the securities tied to their political – and partly personal – fortunes.

Shares of Trump Media and Technology Group (DJT), majority owned by former President Donald Trump, the Republican candidate, ended today’s session down 13% to less than $31. This week they have risen as much as 40% above last Friday’s close near $39 and fallen more than 20% below it, implying significant fluctuations in the market value of Trump’s majority stake, which is nonetheless worth billions of dollars.

Here’s a little bit of actual news about the company that runs Truth Social. Instead, traders seized on the story as a way to bet on the outcome of the presidential election, widely viewed as a race between Trump and Democratic Vice President Kamala Harris. (There was at least one interesting report on Friday: New York Post He said some investors believe Tesla (TSLA) CEO and X owner Elon Musk You may be looking forward to getting it company.)

Polls generally point to a close race ahead of Election Day. In some prediction markets, speculators appear to believe more strongly in the probability of a Trump win: at BulliMarket, for example, traders generally backed the probability of a Trump win by more than 60% for most of this week; These odds were slightly lower on some other platforms. (here Investopedia Guide to betting on elections,)

Meanwhile, Trump Media shares have moved wildly, with trading in the stock being halted due to volatility several times this week. At one point, shares were trading at levels not seen since their high-flying days after they debuted on the public markets earlier this year.

Currently, prices are almost back to July levels after rising from September lows.

to updateThis article has been updated to reflect new information about stock prices and to incorporate… New York Post condition.