Shares of Trump Media & Technology Group jumped more than 10% at times during pre-market trading Friday morning, following the highly anticipated debate between former President Donald Trump and President Joe Biden that most pundits say went disastrously for the sitting president.
Shares of Trump Media and Technology Group were up more than 10% at times Friday morning.
Shares of Trump Media, parent company of Truth Social traded under $DJT, were up 9.72% at $40.30 as of 8:59 a.m. EDT.
The stock was up as much as 13% during one point of pre-market trading.
Biden faced off in the first debate of the 2024 election Thursday night, where the two candidates traded jabs and sparred over the economy, abortion and immigration, among other things—and Biden’s shaky performance has led to calls for him to drop out of the race.
We estimate Trump’s net worth to be about $6.1 billion as of Friday morning. Trump owns about a 65% stake in Trump Media and Technology Group.
Trump Media went public in late March in a reverse merger with Digital World Acquisition Corp., nearly two years after the two companies announced their intent to merge. The stock has done generally well, though it has experienced a slump—sliding nearly 20% at one point—following Trump’s historic conviction on 34 felony counts of falsifying business records. Its lowest point was on June 20, when it dropped to $26.75. However, there has been a significant rebound within the last week, surging 36% as of Thursday.
Donald Trump $300 Million Poorer After Guilty Verdict As Truth Social Stock Sinks (Forbes)
Donald Trump’s Stock Down Nearly 20% Since His Hush Money Conviction (Forbes)
Donald Trump Over $1 Billion Richer Than Last Week As Trump Media Shares Bounce Back (Forbes)