DJT stock skyrockets following Donald Trump's inflammatory MSG rally as election looms

Published On Oct 28, 2024, 12:33 PM

DJT stock surged nearly 20% following Donald Trump's controversial rally at Madison Square Garden as investors speculate on his election chances. This rise marks a significant recovery for the stock, which has increased 235% from its September lows. Other Trump-related stocks also gained, influenced by betting markets favoring his victory. However, analysts warn that the stock's future is highly uncertain and could drop to zero if Trump loses. The market's optimism seems driven by short-term speculation rather than long-term fundamentals, especially given the company's substantial losses and weak revenue reported in recent quarters.

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The increase in DJT stock is heavily linked to speculation about Trump's electoral performance, which carries a high risk. If Trump is not successful in the election, significant losses are expected for this stock, potentially leading to its collapse.

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