More than 45 million DJT shares were exchanged Tuesday, more than tripling its 30-day average volume.
Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceThe rally has accelerated since Saturday, when the company's majority owner, Donald Trump, held a presidential campaign rally near Butler, Pennsylvania, at the same site where he was nearly assassinated at a rally on July 13.
Musk, the mega-billionaire who owns the social media site X, told the audience that Trump "must win to preserve democracy in America."
But the stock price surge also comes despite news about Trump Media that might ordinarily raise concerns about a company's well-being.
Neither Trump Media nor Northwall said why he quit, and the company has not announced a successor.
Persons:
Pavlo Gonchar, DJT, Price, Donald Trump, Trump's, Elon Musk, Trump, Andrew Northwall, Northwall, Sandro de Moraes
Organizations:
Lightrocket, Getty, Trump Media, Nasdaq, GOP, Trump Media's
Locations:
Butler , Pennsylvania, America