Trump Media shares surge on 1st day of trading after assassination attempt on the former president
Trump Media have surged in the first day of trading following an assassination attempt on former President Donald Trump
Shares of Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump.
Also on Monday, a federal judge presiding over Trump's classified documents trial in Florida dismissed the case because of her concerns over the appointment of the special prosecutor who brought the case.
Shares in the owner of social networking site Truth Social soared more than 31% to close Monday at $40.58.
The U.S. Secret Service is investigating how a gunman armed with an AR-style rifle was able to get on a nearby roof and shoot and injure the former president at a rally Saturday in Pennsylvania.
The gunman, who officials said was killed by the Secret Service, fired multiple shots at the stage from an “elevated position outside of the rally venue,” the agency said. Trump was bloodied and says he was “shot with a bullet that pierced the upper part of my right ear.” A spectator was killed.
In the classified documents case, U.S. District Judge Aileen Cannon granted a defense motion to dismiss the case Monday, voiding a prosecution that at the time it was brought was seen as the most perilous of the multiple legal threats Trump faced.
The stock of Trump Media & Technology Group Corp., which trades under the ticker symbol “DJT,” has been extraordinarily volatile since its debut in late March, joining the group of meme stocks that are prone to ricochet between highs and lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.
Its shares swung wildly both on the day after Biden's terrible debate performance, and a day after Trump’s conviction
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