DJT stock extends gains after shares surge to highest level since July on bets Trump will win US election

Published On Oct 23, 2024, 8:08 AM

Trump Media & Technology Group stock (DJT) has seen a rise of nearly 10% as speculation increases regarding former President Donald Trump's chances of winning the upcoming November election. The stock reached its highest level since July, fueled by favorable betting markets shifting towards a potential Trump victory. Despite recent struggles, including a recent report of a net loss and a drop in quarterly revenue, the company continues to attract investor interest, notably with high-profile endorsements including tech billionaire Elon Musk.

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Stock Forecasts

DJTView DJT chart on TradingView

Positive

Given the current political atmosphere and the stock's recent surge based on election forecasts, DJT may continue to experience bullish momentum as Trump gains support for his campaign. This suggests that investor sentiment is likely to remain strong leading up to the election, despite any underlying financial struggles the company faces.

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