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.

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Stock Forecasts

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Positive

The rise in Trump's betting odds is likely to continue to fuel interest and speculation around Trump Media's stock, particularly as the election draws nearer and market sentiment remains positive about Trump's chances. This stock is likely to remain a focal point for retail investors looking for speculative opportunities as they gauge Trump's political momentum.

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