Some Democrats said President Joe Biden needs to exit the White House race against Donald Trump after his debate performance. DJT stock may benefit.
Trump Media shares rose after President Joe Biden stumbled at times verbally in his first presidential debate of 2024 against former President Donald Trump .CREATE FREE ACCOUNT
Former U.S. President Donald Trump speaks as he attends a presidential debate with U.S. President Joe Biden in Atlanta, Georgia, June 27, 2024.ticker, was up about 3% percent just before 10 a.m. ET, and had risen by more than 11% in premarket trading.Trump, the former president who is the presumptive Republican nominee, owns almost 65% of Trump Media shares. The company's market capitalization was around $6.5 billion as of Friday despite having meager revenue.
Political observers and Democratic donors said Biden, 81, gave a dismal performance on Thursday night in his debate against Trump at CNN's studios in Atlanta. Biden's speech was garbled at times. He also lost his train of thought, and his face looked blank with his mouth agape at times as Trump spoke.
"This is terrible. Worse than I thought was possible. Everyone I'm speaking with thinks Biden should drop out," that donor said.
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