Why Trump Media Stock Is Soaring Again Today
Trump Media (NASDAQ: DJT) stock is posting big gains again in Tuesday's trading. The company's share price was up 19.6% as of 2 p.m. ET and is now up 33.5% over the last week.
Trump Media stock is seeing continued bullish momentum following CEO Elon Musk's appearance at a presidential campaign rally for Donald Trump over the weekend. The social media company's share price may also be gaining ground, thanks to purchases from meme-stock investors and short-squeeze momentum.
Elon Musk's campaign rally in Butler, PA over the weekend appears to have given Trump Media meme-stock momentum. Musk has previously been influential in powering meme-based rallies for cryptocurrencies including Dogecoin and Shiba Inu, and it looks like the Tesla and X CEO's support for Donald Trump is now powering big gains for Trump Media stock.
Source Fool.com
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