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Trump Media DJT shares gain on Election Day as traders bet potential GOP candidate win will boost business Global News Avenue

Republican presidential candidate and former US President Donald Trump reacts during a rally in Las Vegas, Nevada, US, September 13, 2024.

Piroschka Van De Wouw | Piroschka Van De Wouw Reuters

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DJT 1 day chart

Shares of Trump Media, in which Trump has a majority stake, have nearly doubled so far this year. Lately, however, as vice president, it has fallen on hard times. Kamala Harris There appears to be plenty of momentum going into Election Day. Shares have plunged 33% in the past week. But the stock rose 12% on Monday.

“Our deal is like game station Jay Woods, chief global strategist at Freedom Capital Markets, told CNBC on Monday:

“You know, people who make money trading deserve credit. But in the long run, these metrics don’t mean anything,” Woods added.

Shares of Trump Media, which gained popularity during the 2021 stock meme craze fueled by GameStop, have attracted significant inflows from retail investors in the week leading up to the election and have been the most discussed stock on Reddit page WallStreetBets.

Despite the wild swings in DJT stock, Latest NBC News Poll It shows that Trump and Harris are evenly matched, with both candidates receiving the support of 49% of voters.

——Reporting by Kevin Brauninger and Alex Harling.

Correction: Jay Woods is chief global strategist at Liberty Capital Markets. An earlier version misstated his title.

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