Shares in Donald Trump’s media company surged 50% after the former president’s assassination attempt, adding $3 billion to the value of Platform X’s rival Truth Social. Trump Media and Technology Group, which goes by the initials DJT, has been a fairly vulnerable stock since its March 26 debut. The stock even gained 71% during pre-conference trading, the period when shares are traded before the stock markets officially open. Shares were trading 50% higher than when the stock closed Friday at $30.89. If that trend is confirmed at Monday’s open, the company will add nearly $3 billion to its value. The company is 60 percent controlled by the former president, meaning the value of his stake, which was worth about $3.8 billion on Friday, could rise by $2 billion, according to its analyst. […]
Source: News Beast
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