Trump Media Shares Skyrocket Following Assassination Attempt

[Social Media]

 

The attempted assassination of former President Donald Trump has sent shockwaves through both political and financial arenas. The attack, which narrowly missed making Trump a martyr, has significantly impacted his media company, Trump Media and Technology Group. Shares of the company, trading under the ticker DJT, surged by 50% in pre-market trading, potentially increasing the company's valuation by nearly $3 billion. This leap in value underscores the intertwining of political events and market dynamics, particularly as the incident has seemingly boosted Trump's chances of winning the November presidential election.

 

Since its debut on March 26, Trump Media and Technology Group has been characterized by volatile trading patterns. However, the recent attack has propelled traders to push the share price toward levels not seen since May. At one point on Monday, the shares were up by 71% in pre-market trading, reflecting a significant increase from Friday’s closing price of $30.89. By the time of publication, the shares maintained a 50% gain. If this trend continues when markets officially open, it could add approximately $3 billion to the company’s valuation. Given that Trump owns 60% of Trump Media, the value of his stake, which was about $3.8 billion on Friday, could increase by as much as $2 billion.

 

Neil Wilson, the chief analyst at brokerage firm Finalto, explained that the share price surge is essentially a "bet on Trump." He pointed out that the widespread perception of the shooting having improved Trump’s odds of reclaiming the White House is driving this market reaction. Furthermore, the belief that more people will flock to Trump’s platform, should he be re-elected, is also fueling the stock’s rise. Trump Media's share price history has seen significant highs and lows, with a peak of over $79 when it started trading in New York on March 26, and a low of $22.84 on April 16, coinciding with the start of Trump’s criminal hush-money trial, in which he was found guilty.

 

Bitcoin, the leading cryptocurrency, has also experienced a rally since the shooting incident. The price of Bitcoin rose above $63,000 on Monday, marking a 9% increase over the day. This rise follows a period of fluctuation, with Bitcoin dropping from over $70,000 in early June to below $54,000 in early July. Its record high was in March, when it reached $73,803. Rania Gule, a market analyst at XS.com, stated that the movement in Bitcoin’s price reflects a belief among some crypto investors that a re-elected Trump would support the digital asset market by pursuing less stringent regulatory policies, potentially fostering a more favorable environment for cryptocurrency investments.

 

The attempted assassination has not only intensified political discourse but also significantly influenced market dynamics. As traders and investors react to the perceived implications of Trump’s potential return to power, the financial landscape is being reshaped. The surge in Trump Media’s shares and the rally in Bitcoin underscore the broader market reactions to the evolving political scenario and its potential impact on future regulatory and economic conditions.

 

Credit: The Guardian 2024-07-16

 

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[Tug]

Buy lol yea buy ya suckers lol better yet if you have any sell it while you can!!

[Skeptic7]

Never underestimate the power of human stupidity ~ Robert A. Heinlein

 

And the Trump cult clan is powerfully stupid. 

[thaibeachlovers]

Oh no! The conspiracy nuts had it right. Trump faked it so his media shares would increase in price.

[gargamon]

Don't worry. There will be some financial reporting shortly that will kill the stock price. The company makes no money, has a shrinking customer base, and no outlook for growth.

 

 

[spidermike007]

Very bizarre, considering how little profit the company makes, and how few users the platform has. Something smells very fishy here. 

[bubblegum]

On etoro they still won't allow selling shorts.

Edited July 16 by bubblegum

[Cryingdick]

9 minutes ago, spidermike007 said:

Very bizarre, considering how little profit the company makes, and how few users the platform has. Something smells very fishy here. 

 

it has become hot on the social media scene and is more of a trading vehicle now. It isn't really that mysterious.

[stoner]

3 hours ago, Tug said:

Buy lol yea buy ya suckers lol better yet if you have any sell it while you can!!

 

missed the rally eh. there's always dogecoin you can still probably get in on that. 

[stevenl]

This proves it's not an investment but speculation.

[Purdey]

There is one person benefiting from the price rise and I wouldn't be surprised if he sells, pockets the profit and thumbs his nose at the mugs.

[Srikcir]

14 hours ago, spidermike007 said:

Something smells very fishy here.

Add to the fact that Trump is not required to post on Truth Social whose value is largely connected to Trump postings. He could start a competitive outlet and post entirely on it, having sold his shares on Truth Social.

[novacova]

18 hours ago, Tug said:

Buy lol yea buy ya suckers lol better yet if you have any sell it while you can!!

 

15 hours ago, Skeptic7 said:

Never underestimate the power of human stupidity ~ Robert A. Heinlein

 

And the Trump cult clan is powerfully stupid. 

You should be grateful due to the fact that all the shenanigans of your friends on the left, really has done nothing but helped your beloved MAGA Trump and diminished his opponents.