4 sources·Business

Trump Media Stocks Experience Dramatic Volatility Ahead of Election

Stocks related to Donald Trump's presidential campaign face extreme volatility, with major drops in value as traders react to potential election outcomes.

25%

75%

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Updated: Oct 30th, 2024, 8:10 PM ET

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Shares of Trump Media & Technology Group have seen significant volatility in anticipation of the 2024 U.S. election. Following a surge, the stock plunged over 22% in a single day, erasing billions from Trump's net worth. Analysts note that these stocks lack fundamental financial stability, driven primarily by speculation over political outcomes rather than performance. Trump's media firm, which owns Truth Social, is viewed as a litmus test for market sentiment regarding the election, as day traders react to fluctuating poll results between Trump and Kamala Harris.

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