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Shares in former President Donald Trump’s media companies soared Monday morning after he was injured in an accident. Assassination attempt At a rally in Pennsylvania over the weekend.
Trump Media Technology Group shares rose 48% from the previous day’s high in premarket trading. The company debuts Late March.
Stocks surged as much as 71% on Monday as traders increased the odds that Trump would win the November election after a bullet grazed his ear during a Pittsburgh-area campaign rally.
President Trump breaks silence on assassination attempt: ‘I shouldn’t be here’
Republican presidential candidate and former president Donald Trump is hurriedly escorted off the stage during a rally in Butler, Pennsylvania, on July 13, 2024. (Photo: Anna Moneymaker/Getty Images/Getty Images)
“The election is likely to be a landslide victory, which will reduce uncertainty,” Nick Ferres, chief investment officer at Vantage Point Asset Management, said, according to Reuters.
Who Was Thomas Matthew Crookes? What We Know About the Trump Assassin
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| David | Trump Media & Technology Group, Inc. | 42.08 | +11.19 | +36.23% |
The shooting left a 50-year-old father of two dead and two other men seriously injured. The suspected shooter, Thomas Matthew Crooks, 20, was shot and killed by a Secret Service sniper.
Trump Media, the parent company of the social media platform The truth of societyhas seen its stock price volatility since going public on March 26th.
Monday’s stock price rally caused the value of Trump’s 114.75 million shares to soar. At current prices, those shares are worth about $5.1 billion, up from about $3.5 billion on Friday.
| Ticker | safety | last | change | change % |
|---|---|---|---|---|
| I:Comp | Nasdaq Composite Index | 18544.523339 | +146.08 | +0.79% |
| SP500 | S&P 500 | 5645.7 | +30.35 | +0.54% |
| I:DJIA | N | N | N | N |
Trump Media CEO Devin Nunes offered his “deep condolences” to the families of those killed and injured.
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“We thank God that President Trump survived the assassination attempt and is now safe,” he said in a statement. “We need a swift and thorough federal investigation to uncover all the circumstances of this despicable attack and to determine whether any others may have been involved.”
President Trump is scheduled to formally accept the Republican presidential nomination at the party’s convention in Milwaukee this week.
