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Trump Media & Technology Group Corp (NASDAQ:DJT) stock has been volatile since the 2024 Presidential campaign gained steam ahead of the November 5 U.S. elections.
The former President Donald Trump-backed media and technology company, has had its share of highs and lows as the stock keeps factoring Trump’s move.
The Truth Social parent stock lost a lot of value in the last two months, which included Trump surviving an assassination attempt on July 14 in Pennsylvania, President Joe Biden withdrawing his candidature on July 22, the Democrat naming VP Kamala Harris as Presidential candidate in the first week of August and the company subsequently reporting a second-quarter GAAP net loss of $(16.4) million on a topline of $0.84 million.
The stock gained 13% Wednesday as Republican Presidential candidate Trump spoke at a North Carolina event behind bullet-proof glass, the Guardian reports. Trump criticized Harris as he touched on the U.S. government’s handling of the Nato, Afghanistan, and Russia issues.
DJT stock also got a shot in the arm from reports indicating independent presidential candidate Robert Kennedy Jr’s plans to quit the Presidential campaign and support Trump.
On the campaign front, Reuters reports that Harris’ campaign raised four times as much money in July as Trump’s, $204 million and $48 million, respectively. Harris spent $81 million in July versus Trump’s $24 million.
The stock has lost 31% in value in the last one month.
Trump and Harris will appear for their first face-off for an ABC-hosted debate on September 10, 2024.
Price Action: DJT stock traded higher by 1.82% to $24.64 at the last check on Thursday.
Photo via Shutterstock
Posted In: DJT
