Donald Trump Survives Assassination Attempt, DJT Stock Skyrockets

Money | July 15, 2024, 1:15 p.m.

Shares of Trump Media & Technology Group (DJT) surged after former President Donald Trump survived an assassination attempt at a Pennsylvania rally. The parent company of Truth Social saw shares climb up to 41%, while other Trump-related stocks like Rumble also saw gains. Online betting sites reflected increased predictions of Trump winning the election following the incident, the first of its kind since 1981. Despite the event's seismic impact, political expert Terry Haines believes it may not have a lasting effect on Trump's campaign. DJT has experienced fluctuations in recent months due to various events, including Biden's stumble in a debate and Trump's conviction for falsifying records. Trump Media, which went public on the Nasdaq after merging with Digital World Acquisition Corp., reported significant losses, projecting ongoing challenges. Trump's stake in DJT, valued at around $3.3 billion, remains substantial despite the company's struggles.