Trump Media shares make comeback as former president's election odds rise
Published On Oct 14, 2024, 12:23 PM
Shares of Trump Media and Technology Group, which operates the Truth Social platform, have surged nearly 55% over the last month as betting markets indicate former President Donald Trump is gaining an advantage over Vice President Kamala Harris in the 2024 presidential election. Trump's lead in betting odds has significantly boosted investor sentiment, leading to a stock price increase to around $26.40 per share, and pushing the company's valuation to nearly $10 billion since its listing.