Former U.S. President and Republican presidential candidate Donald Trump speaks during a campaign rally at Van Andel Arena in Grand Rapids, Michigan, on November 5, 2024.
Kamil Krzaczynski | AFP | Getty Images
Former President’s Shares Donald TrumpShares of the media company rose as voting in the contentious campaign concluded on Tuesday.
In the after-hours action, Trump Media Technology Group It has recently gained about 10% in choppy trading.
The gains came despite the stock’s gains, seen as a market proxy for the former president’s prospects of seeking re-election. A surprising income statement This represents a third-quarter loss of $19.2 million.
Shares have been volatile during the election season, with mixed gains and losses as Trump heads into a close race against Democratic Vice President Kamala Harris.
Trump Media Technology Group Stock
Shares are down more than 34% over the past five trading days as Harris appears to have regained momentum in the final days of the game. However, the stock has also surged more than 105% in the past month.
The stock jumped more than 18% at its intraday high on Tuesday as the candidate pushed higher at the close, but that was it. Closed 1.2% lower.
In its earnings release, the company reported revenue of just over $1 million.
“This is a great time for the company, for Truth Social users, and for the retail investors who support our mission to be the beachhead for free speech on the internet,” Trump Media CEO Devin Nunes said in a statement. An extraordinary quarter.”
Nunes is a former congressman from California.
To be sure, the stock won’t necessarily be a perfect reflection of whether Trump wins. Given that the stock has risen significantly this year, it could be affected by profit-taking and other factors.
