Stock Market Volatility and Political Futures: The Latest Insights on Trump Media & Technology Group
On Monday, the stock of Trump Media & Technology Group Corp (NASDAQ: DJT) experienced a rebound after experiencing a pullback on Friday. The stock had dropped over 10% following the first U.S. presidential debate, showcasing its volatility on Wall Street. Despite opening with a 5% jump, shares later declined throughout the day, as reported by Business Standard.
Despite the fluctuations in stock prices following the presidential debate between President Joe Biden and former President Donald Trump, Biden’s odds of remaining the Democratic nominee decreased in political futures markets. Analysts from Citi noted that post-debate news headlines could generate increased interest in Trump Media & Technology Group. The stock has gained 159% in the last 12 months, and is often compared to meme stocks like GameStop Corp (NYSE: GME).
At the last check on Monday, DJT shares were trading higher by 2.56% to $33.59 premarket. This content was generated with the help of AI tools and reviewed by Benzinga editors. For the latest stock analysis, check out Benzinga Pro – Click here to start Your 14-Day Trial Now!
