The DJT surge came as some election betting markets shifted in favor of Donald Trump over Kamala Harris, and as Trump Media launched a Truth+ streaming site.
Shares of Trump Media closed up more than 18% on Monday, extending the Truth Social owner’s dramatic recovery from recent stock price lows and adding hundreds of millions of dollars to Donald Trump’s on-paper net worth.
The recent DJT surge came as multiple online election betting markets appeared to show betting odds shifting in Trump’s favor, after weeks of tilting toward the Democratic nominee, Vice President Kamala Harris.
Monday’s surge also coincided with Trump Media’s launch of a new site for its TV streaming app, Truth+.
Trump Media was trading above $30 per share at its intraday peak, and closed at $29.95.
The stock has experienced a wild flurry of trading in recent sessions, with shares being exchanged at multiple times the company’s 30-day average volume. More than 57 million shares traded hands Monday.
In the past week, bets on the presidential election outcome hosted by contract market Kalshi and prediction trading platforms Polymarket and PredictIt all showed the odds of a Trump victory growing.
