Shares of Trump Media & Technology Group, the owner of Truth Social, surged in Monday trading as Wall Street weighed Donald Trump's reelection odds.
Trump Media & Technology Group's stock price soared 50% in premarket trading Monday as Wall Street recalculated the odds of former President Donald Trump succeeding in his reelection campaign following Saturday's failed assassination attempt.The company, which owns the Truth Social platform, jumped $15.42 to $46.30 in trading before U.S. trade kicked off at 9:30 a.m. Eastern Time. The stock was up 36% shortly after financial markets opened.
Trump's wealth soars after shootingMonday morning's jump in Trump Media's shares adds $3.6 billion to its market value, pushing its capitalization to $9.5 billion, according to financial data company FactSet. The value of Trump's stake — the former president is the company's largest shareholder, with 114 million shares — ballooned by $2.2 billion, putting his stake at $5.7 billion.
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