Why Trump Media Stock Is Jumping Today
Trump Media Technology Group (NASDAQ: DJT) stock is posting big gains in Monday's trading. The social media company's share price was up 12.2% as of 2:30 p.m. ET. Earlier in the daily session, the stock had been up as much as 19.3%.
Trump Media stock is gaining ground today following an appearance made by CEO Elon Musk at a campaign rally held by former president and current presidential candidate Donald Trump. Musk's appearance at Trump's campaign rally appears to be giving Trump Media some meme stock momentum.
Trump Media stock has often made moves in conjunction with shifts in perception about Donald Trump's chances of winning this year's presidential election. The company's share price has also frequently made moves depending on shifts in its popularity as a meme stock. With Musk making an appearance at a Trump campaign rally in Butler, Pennsylvania, over the weekend. The rally marked Trump's return to the site of an assassination attempt made against him in July.
Source Fool.com
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