Donald Trump’s company, Trump Media ($DJT) is up 33% after the failed assassination attempt on the former US President. The company is currently trading at nearly $40 after Trump was injured by a gunshot wound at a campaign rally this past weekend.
According to reports, Trump Media surged as high as 50% in premarket trading early Monday morning. Moreover, the attempt on his life has certainly increased odds for his reelection in November. Polymarket data says Trump now has a 70% chance of winning the election.
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Trump Media Surges After Assassination Attempt
The 2024 US election took a turn Saturday that no one expected. Giving a speech at a rally in Pennsylvania Saturday, shots were fired, aimed at the country’s 45th President. Trump’s campaign said that he was safe after the incident. Moreover, he showed his resilience by pumping his fist shortly after he was grazed by the bullet.
Now, Donald Trump’s media company, Trump Media, is surging 33% after the assassination attempt. The firm is the parent company of Trump’s Truth Social. Moreover, Monday trading started with the company eyeing its largest single-day gain since it debuted in March.
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Speaking to CNBC, Trump Media CEO Devin Nunes gave his “deepest sympathies,” to the rally attendee who was killed, and their family. “The situation demands a fast, thorough federal investigation to determine all the circumstances of this cowardly attack and to identify if any additional persons were involved,” he said Saturday.
Nunes also called “for the federal government to provide any security resources requested by President Trump to guarantee his safety. In addition to Trump Media shares soaring, this could only strengthen his bid for the Presidency. CNBC’s Rob Casey says the events “strengthen the case for President Donald Trump to win the election in November. I think that’s what the markets have reacted to,” Monday.