Trump Media Stock Surges in Anticipation of Presidential Debate

Money | June 24, 2024, 1:14 p.m.

Shares of Trump Media & Technology Group (DJT) are soaring over 20% as excitement builds for the upcoming presidential debate between President Biden and former President Donald Trump. Rick Newman from Yahoo Finance analyzes the stock's recent performance and its future outlook depending on the election outcome. With insider control and a lock-up period ending soon, the stock's movement is closely tied to Trump's political standing. The stock's value fluctuates with Trump's poll numbers, making it a risky but potentially lucrative investment. However, if Trump loses, the company's future is uncertain, and it may lose value. Investors should pay attention to the upcoming lock-up period ending in September for better insights into the stock's true worth. Overall, the stock's performance is closely tied to Trump's political success, making it a high-risk, high-reward investment option.