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☆ Trump Media shares halted again as DJT falls in volatile trading
▼ + stars: | 2024-10-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: 1 min

Trump Media was halted twice Thursday morning as shares rapidly dropped at the start of another volatile trading session. DJT stock was down nearly 14% when it was halted due to volatility for the second time at 10:04 a.m. The company, which is majority-owned by former President Donald Trump, had fallen more than 22% on Wednesday. The latest stock slide came after the Truth Social operator recovered from a major sell off in the weeks leading up to the 2024 presidential election.

Persons: Donald Trump Organizations: Trump Media

☆ Trump Media's stock surge: Here's what to know
▼ + stars: | 2024-10-30 | by ( Robert Frank | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump Media's stock surge: Here's what to knowCNBC's Robert Frank joins 'Squawk Box' with the latest news on Trump Media.

Persons: CNBC's Robert Frank Organizations: Trump, Trump Media

☆ Investors getting very bullish heading into the election
▼ + stars: | 2024-10-30 | by ( Fred Imbert | ) www.cnbc.com time to read: +2 min

The U.S. presidential election is less than one week away, and investor positioning has gotten very bullish. "Animal spirits have been unleashed, as investors haven't wasted time positioning themselves up for a typical post-election/year-end rally," Cau said in a note. He also pointed out that these inflows come as expectations of former President Donald Trump winning next week have increased. Indeed, shares of Trump Media — which have been a market proxy for Trump's 2024 election chances — have soared a whopping 220.5% in the past month alone. "After Q3, we lack confidence that Boeing shares can outperform the market in the next 12 months."

Persons: Emmanuel Cau, haven't, Cau, Donald Trump, —, Kamala Harris, Bernstein Organizations: U.S, Barclays, Trump Media, NBC, Boeing Locations: U.S

☆ Trump’s social media stock plunges 20%, flirting with its worst day since going public
▼ + stars: | 2024-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —After a ridiculous spike over the past five weeks that had absolutely nothing to do with the company’s actual business, former President Donald Trump’s social media stock is suffering a sudden setback. Truth Social owner Trump Media & Technology Group’s share price plunged about 20% on Wednesday afternoon. If Trump Media finishes with a loss of more than 21%, it would qualify as its worst one-day loss since going public in March. Trump Media did not release any major news that would explain the nosedive. Trump Media’s stock has been extraordinarily volatile all year.

Persons: Donald Trump’s, It’s, “, ” Dan Ives, ” Matthew Tuttle, Wednesday’s selloff, ” Tuttle Organizations: New, New York CNN, Social, Trump Media & Technology, Trump Media, Trump, White, Elon Musk, CNN, CBS, Paramount Global, GameStop, Wedbush Securities, Tuttle Capital Management Locations: New York

☆ Biden may have handed Trump a big assist with his ‘garbage’ gaffe
▼ + stars: | 2024-10-30 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

Biden mentioned Puerto Rico, slandered as a “floating island of garbage” by a comedian at Trump’s event on Sunday night. “The only garbage I see floating out there is his supporters,” Biden said, pausing for a moment before continuing. She’s now almost certain to be asked whether she also regards Trump’s backers as “garbage.” Her answer will only prolong the story. In a neck-and-neck race that may be decided by mere thousands of votes in swing states, neither Harris nor Trump can afford mistakes. And as CNN reported on Tuesday, his gaffes have caused responses – from eyerolls to outright anger – from some Harris campaign aides.

Persons: CNN — Joe Biden, he’d, Donald Trump, Biden, Kamala President Harris ’, I’m, ” Biden, Harris, “, Andrew Bates, Hillary’s Clinton’s, ”, Karoline Leavitt, Joe Biden, Kamala Harris don’t, Trump, ” Harris, Harris ’, She’s, Hillary, Adolf Hitler, Tony Hinchcliffe, ” Trump, Fox News ’ Sean Hannity, president’s, I’ll, Gretchen Carlson, CNN Clinton, Obama, Bill Clinton, Barack Obama, ” Clinton, Arnold Palmer, isn’t, Hillary Clinton’s “, Biden’s, he’s, Gabby Giffords, CNN’s Kayla Tausche, MJ Lee, Kevin Liptak Organizations: CNN, Madison, slandered, White House, Puerto Rico spewed, Democratic, Trump, East, East Coast Democratic, “, New, Fox News, Biden, Republicans, Capitol, Democratic National Convention, Republican, Puerto, Justice Department, GOP Locations: Puerto Rico, Puerto Rican, Delaware, New York, Puerto, Madison, East Coast, Washington, admonishments, Pennsylvania, Lancaster, Lehigh County, eyerolls, Trump, New Hampshire, Arizona, misspeak, ‘

☆ The Trump-linked stocks set to make wild moves as election approaches
▼ + stars: | 2024-10-30 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Retail investors have increasingly focused in on Trump Media & Technology , Rumble and Phunware as stocks that can benefit if the Republican presidential nominee for president prevails. Trump Media & Technology, which owns the alternative social media platform TruthSocial, trades under a ticker — DJT — that's also the initials for the business mogul-turned-politician. On Tuesday alone, retail traders were net buyers of Trump Media to the tune of $14.4 million. Schwarz said there's no reason for Trump Media to even be publicly traded given its business fundamentals and high price-to-sales ratio. "Trump Media has no fundamental value — it's worthless," he said.

Persons: Donald Trump, That's, that's, Phunware, Kamala Harris, Christopher Schwarz, It's, Trump, There's, Irvine's Schwarz, Schwarz, there's, LSEG, hasn't, Peter Thiel, — CNBC's Robert Frank, Fred Imbert Organizations: Trump Media & Technology, Republican, Trump Media, NBC, University of California Irvine, CNBC, Vanda Research, U.S, Trump, Marriott, Mayo Clinic, PayPal Locations: United States, Atlantis

☆ Nate Silver: Don't trust the Trump swing in 2024 presidential election polls, betting markets data
▼ + stars: | 2024-10-30 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +4 min

Silver told Fortt that his current model shows the odds favoring Trump, who holds a 55% to 45% win probability advantage over Harris. Most people no longer even have the landline phones which past election cycle polling history relied on. Why the betting markets may be all 'vibe and chatter'The betting markets show a much bigger edge for Trump, with major wagers placed on Polymarket, Robinhood jumping into the action, and presidential election contracts surging in popularity. Critics have raised concerns that the election betting markets are potentially being manipulated. But Silver, who is a consultant to one of the leading prediction markets, Polymarket, says he wouldn't pay much attention to the betting markets data right now, as they simply may not be very accurate at this moment in the election cycle.

Persons: Nate Silver, Donald Trump, Kamala Harris, Silver, Trump, CNBC's, Jon Fortt, Fortt, Harris, Ken Griffin, Stanley Drunkenmiller, Critics Organizations: New York Times, CNBC Technology, CNBC, Trump, Trump Media Locations: New York City

☆ Trump Media plummets 22%, cutting into DJT rally days before election
▼ + stars: | 2024-10-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: 1 min

Shares of Trump Media dropped more than 22% Wednesday, pouring cold water on a remarkable rally that added billions of dollars to former President Donald Trump's on-paper net worth in the runup to the 2024 election. DJT stock, which closed at $51.51 per share on Tuesday, was trading under $40 around noon ET Wednesday. Trump, the Republican presidential nominee, owns nearly 57% of the company, according to recent regulatory filings. His stake as of midday Wednesday was worth around $4.5 billion, nearly $1.4 billion lower than where it stood Tuesday afternoon. Trump has vowed not to sell his shares.

Persons: Donald Trump's, Trump Organizations: Trump Media, Trump, Republican

☆ Who will be the next president? News outlets are running out of ways to communicate the uncertainty
▼ + stars: | 2024-10-30 | by ( Brian Stelter | ) edition.cnn.com time to read: +4 min

New York CNN —“Jump ball.” “Coin flip.” “Toss up.” “Dead heat.” “Deadlocked.” On TV and online, political analysts are running out of ways to say the presidential race is effectively tied. As CNN’s Dana Bash said on “Inside Politics” Tuesday, “this race could not be closer.”In this final week of the campaign, the most important thing for the news media to communicate is uncertainty. On the right, former President Donald Trump and many of his right-wing media allies are expressing unbridled confidence that the Republican is going to win next week. “I spend more hours figuring out ways to say this race is close than New Yorkers spend in traffic,” Enten quipped. Even after all the polls are closed, there may still be uncertainty about the outcome since different states tabulate votes in different ways.

Persons: ”, ” “, CNN’s Dana Bash, Rick Klein, Donald Trump, Laura Ingraham, Jesse Watters, Trump, Matt Lewis, Donie O’Sullivan, “, Kamala Harris, they’re, Michelle Obama, Harry Enten, ” Enten, Enten, Harris, “ I’ve, ” Anthony Salvanto, ” Salvanto Organizations: New, New York CNN, ”, ABC News Washington, CNN, Republican, Fox News, Trump, MSNBC, Fox, Journalists, CBS News Locations: New York, “ MAGA, New

☆ Trump Media shares halted repeatedly as DJT whipsaws in volatile trading
▼ + stars: | 2024-10-29 | by ( Kevin Breuninger | ) www.nbcnews.com time to read: +3 min

Trading of Trump Media shares was halted for volatility multiple times Tuesday morning as the company majority owned by Donald Trump ricocheted in early trading. Nearly 16 million Trump Media shares changed hands in the first 10 minutes of the trading day. Just more than a month later, Trump Media shares were trading at more than four times that price. That merger, which took Trump Media public, was completed in late March. Despite losing hundreds of millions of dollars on scant revenue in recent fiscal quarters, Trump Media boasts a market capitalization above $10 billion.

Persons: Donald Trump ricocheted, Trump’s, Kamala Harris, Harris, Critics Organizations: Trump Media, Nasdaq, DWAC, Republican, Trump, Forbes, Democratic, Madison Locations: New York City

☆ Trump Media shares halted for volatility as DJT rally accelerates
▼ + stars: | 2024-10-29 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Nearly 16 million DJT shares changed hands in the first 10 minutes of the trading day. Trading was halted a second time at 9:42 a.m., with shares up nearly 9%. The company, which trades as DJT on the Nasdaq, was halted for five minutes at 9:36 a.m. Trading of Trump Media shares was halted for volatility multiple times Tuesday morning as the company majority-owned by Donald Trump ricocheted in early trading. Just over a month later, Trump Media shares were trading at more than four times that price.

Persons: Donald Trump ricocheted, Kamala Harris, Harris, Critics Organizations: Nasdaq, Trump Media, Republican, Trump, Forbes, Democratic, Madison Locations: New York City

☆ Trump’s social media company has tripled in value in five weeks
▼ + stars: | 2024-10-28 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Trump Media & Technology Group is losing money, generating very little revenue and its main product Truth Social remains a relatively small player in social media. And yet Wall Street is valuing former President Donald Trump’s social media company at nearly $8 billion, a price tag that has tripled in the span of just five weeks. Since plunging to record lows on September 23, Trump Media’s share price has skyrocketed. Trump Media’s share price saw a sharp decline in July after President Joe Biden ended his reelection bid. “If this were called Joe’s Media Company, we wouldn’t even be talking about it and it wouldn’t have a value anywhere close to this.

Persons: New York CNN —, Donald Trump’s, “ I’ve, ” Gene Munster, Munster, Trump, ” Munster, “, it’s, ” Trump, George Kailas, ” Kailas, Kailas, “ There’s, Joe Biden, Kamala Harris, Harris, ”, Steve Sosnick, Sosnick, ” Sosnick, he’s Organizations: New, New York CNN, New York CNN — Trump Media & Technology Group, Trump, White, Trump Media, Republican, Asset Management, CNN, Democratic, Interactive Brokers, Munster, “, Joe’s Media Company Locations: New York, Munster, Trump’s

☆ Trump Media shares surge up to 20% after Trump rally in New York City
▼ + stars: | 2024-10-28 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

Republican presidential nominee former President Donald Trump holds a rally at Madison Square Garden in New York, NY on Sunday, October 27, 2024. Trump Media stock rose above $46.80 per share in the first hour of trading — eclipsing its recent peak in mid-July, when the company's market value soared after Trump was nearly assassinated at a rally in Pennsylvania. Shares of Donald Trump 's social media company rocketed up as much as 20% on Monday morning, on the heels of the Republican presidential nominee's Sunday campaign rally in New York City. During that time, Trump Media has rolled out a separate streaming app, Truth+, and announced the resignation of its chief operating officer. $DJT," one Truth Social user wrote Monday morning in a Trump Media shareholder group.

Persons: Donald Trump, Trump, Kamala Harris, Critics, Polymarket Organizations: Madison, Trump Media, Republican, Sunday, Trump, Democratic, Rally Locations: New York, NY, Pennsylvania, New York City, Manhattan's Madison

☆ Crypto and meme stock boosters aren’t doing ‘Trump trades’ — they’re just doing trades
▼ + stars: | 2024-10-17 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

New York CNN —The bitcoin bulls and meme stock traders are fired up about the prospect of another Donald Trump White House. At the same time, shares of Trump Media were bouncing back from Tuesday’s mysterious 10% drop and resuming their meme-stock-esque tendency to rise without any fundamental reason to do so. What do the two assets, a digital currency and a media stock, have in common? Crypto traders are amped because of the Republican nominee’s apparent 180 on the asset class he once dismissed as a scam. Bottom line: Both bitcoin and Trump Media could become even more volatile over the next few weeks as more traders pile in.

Persons: CNN Business ’, Donald Trump, Kamala Harris ’, Harris, Trump, CNN’s, ”, Steph, “, Adrian Fritz, It’s, ” Fritz, it’s, Al Root, Root, Fritz, “ It’s Organizations: CNN Business, New York CNN, Donald Trump White House, Trump Media, Trump, Liberty Financial, hyperdrive, Harris ’, ” Trump Media, Apple Locations: New York, ”, Central

☆ The Trump trade is back on as betting markets swing in favor of a win for the former president
▼ + stars: | 2024-10-16 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

Betting odds favor Trump winning the November election, with Polymarket odds at 59.5%. The Trump trade is back on, with Trump Media stock, bitcoin, and bank stocks rising. AdvertisementThe Trump trade has been regaining momentum as betting odds rise in favor of the former President winning the election in November. The Trump trade in markets weakened after the mid-September debate between Kamala Harris and Trump, as Harris was largely viewed as the winner of their one-and-only meeting. Here's what's moving in markets that suggest the Trump trade is back on as investors bet on a victory for the former president.

Persons: Trump, —, Harris, Kamala Harris, Donald Trump's, Bernstein, Gautam Chhugani, Chhugani Organizations: Trump, Trump Media, Service, House, Bank, Washington DC, Biden White, P Bank ETF, Regional Banking Locations: Polymarket, Trump, United States

☆ Trump Media shares halted after sudden DJT stock plunge
▼ + stars: | 2024-10-15 | by ( Kevin Breuninger | ) www.cnbc.com time to read: 1 min

In this photo illustration, Republican presidential candidate former President Donald Trump's social media platform Truth Social is shown on a cell phone on March 25, 2024 in Chicago, Illinois. Trading in Trump Media shares was briefly halted Tuesday due to volatility, after the Truth Social owner's stock suddenly plunged in price. Shares continued to fall after the five-minute trading halt lifted at 12:47 p.m. The stock, which had been up more than 13% earlier Tuesday afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred. The whipsawing stock price came during an extremely high-volume trading session, in which more than 76 million shares had traded hands by 3 p.m. — multiple times the company's 30-day average trading volume.

Persons: Donald Trump's Organizations: Trading, Trump Media Locations: Chicago , Illinois

☆ Trump Media stock mysteriously plunges
▼ + stars: | 2024-10-15 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

Nasdaq paused trading for Trump Media at 2:42 p.m. The owner of social media platform Truth Social ended the day down 10%, and 20% below its high of the day. But Trump Media is a notoriously volatile stock. University of Florida professor Jay Ritter noted that trading volume in shares of Trump Media was “enormous” on Tuesday. Trump Media shares climbed 2% higher in after-hours trading.

Persons: Donald Trump’s, Matthew Tuttle, Trump, “, ” Tuttle, Jay Ritter, ” Ritter, Ritter Organizations: New, New York CNN, Social, Trump Media & Technology Group, Nasdaq, Trump Media, Tuttle Capital Management, CNN, University of Florida, GameStop, AMC, New York Stock Exchange Locations: New York

☆ Trump’s social media stock is making an epic comeback as election nears
▼ + stars: | 2024-10-14 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —Former President Donald Trump’s social media company is on fire on Wall Street. Up until very recently, Trump Media & Technology Group had been in meltdown mode. Its share price dropped to a record low of $12.15 on September 23, marking a stunning 82% crash from its high. Trump Media did not announce a sudden revenue stream or a flashy new product that could explain the move. “At today’s stock price of about $25, the stock is overvalued by 1,000% or so,” Ritter said, “suggesting a 90% drop will eventually occur.”

Persons: Donald Trump’s, “, Trump, doesn’t, ”, Matthew Tuttle, Jay Ritter, ” Ritter, Harris, Michael Block, Elon Musk, Tuttle Organizations: New, New York CNN, Trump Media & Technology Group, Trump Media, Wall Street, Trump, Tuttle Capital Management, Social, University of Florida, Elon Locations: New York

☆ Trump's crypto coin goes on sale with Election Day just three weeks out
▼ + stars: | 2024-10-14 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +6 min

World Liberty Financial is separate and apart from Trump Media & Technology Group , the parent company of social media platform Truth Social. Trump Media, known by ticker symbol DJT, started trading in March, after going public through a special purpose acquisition company (SPAC). On Tuesday, the former president and current Republican nominee aims to launch WLFI, the token accompanying his new crypto project called World Liberty Financial. Trump owns about 57% of DJT's outstanding shares, but his potential control over World Liberty Financial is more opaque. Folkman added that WLF would publish the "long-awaited" roadmap for the project on Tuesday, in tandem with the token sale.

Persons: It's, that's, they're, Trump, Donald Trump, Zachary Folkman, Donald J, Folkman, it's, WLF, Stani Kulechov, Kulechov, Monday's Organizations: Liberty, Trump Media & Technology Group, Trump Media, CNBC, Republican, Nasdaq, Truth Social, SEC, Trump, Finance, Liberty Financial, Permissionless Locations: New York City, U.S, DeFi, Salt Lake City , Utah

☆ Trump Media stock surges as election betting odds shift, Truth Social launches streaming site
▼ + stars: | 2024-10-14 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

In this photo illustration a smartphone screen displays a post by Donald Trump on his Truth Social app, Sept. 12, 2024. Monday's surge also coincided with Trump Media's launch of a new site for its TV streaming app, Truth+. Trump Media was trading above $30 per share at its intraday peak, and closed at $29.95. Meanwhile, Trump Media on Monday morning announced the launch of a separate website for its in-platform streaming service, Truth+. While a slimmer version of Truth+ already exists on Truth Social, the new site offers the "full range" of the company's streaming programming, Trump Media said in a press release.

Persons: Donald Trump, Donald Trump's, Kamala Harris, company's, Al Capone, John Smith, Michael Smith Organizations: Trump Media, Democratic, Trump, Truth, Forbes, Big Tech

☆ Trump tariffs: Trade rep Lighthizer warns Wall Street to be prepared
▼ + stars: | 2024-10-12 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Asked about the note, Trump campaign press secretary Karoline Leavitt did not deny that Lighthizer has been meeting with investors. But she cautioned, "No policy should be deemed official unless it comes from President Trump directly." Lighthizer is advising Trump's presidential campaign on economic issues, according to Inside U.S. Trade. Lighthizer is also a director of Trump Media, the publicly traded social media company that is majority owned by the former president. Lighthizer's reported conversations, and his apparent influence with Trump, both underscore how central tariffs are to carrying out Trump's overall economic vision.

Persons: Robert Lighthizer, Donald Trump, Donald Trump's, Wall, Piper Sandler, We've, Trump, Karoline Leavitt, Lighthizer, Trump's, AFPI, Lighthizer's, Kamala Harris, Anna Kelly, Harris, Joe Biden, Kelly Organizations: Republican, Trade, CNBC, U.S, Trump Cabinet, Center for American Trade, Trump, America, Policy, Trump Media, Democratic, Republican National Locations: York , Pennsylvania, Washington

☆ Prosecutors seek years in prison for Trump Media insider trading Shvartsman brothers
▼ + stars: | 2024-10-11 | by ( Dan Mangan | ) www.cnbc.com time to read: +7 min

Michael Shvartsman, 53, was born in Ukraine when it was part of the Soviet Union. "Mr. Shvartsman has paid a steep price for his insider trading," those lawyers wrote. "Altogether, Shvartsman exhibits a troubling pattern of acting as though he were above the law," prosecutors wrote. "The defendant is a wealthy, successful businessman," prosecutors wrote about Gerald Shvartsman, who is a married father of two children. Roland Riopelle, a lawyer for Gerald Shvartsman, is asking Liman for a sentence with no prison time.

Persons: Michael Shvartsman, Amr Alfiky, Gerald Shvartsman, Lewis Liman, Bruce Garelick, Garelick, Michael Shvartsman's, Donald Trump —, Donald Trump, Jim Watson, DWAC, Alan Futerfas, Dennis Vacco, Judge Liman, Shvartsman, Prosecutors, Roland Riopelle, Liman, Riopelle Organizations: Manhattan Federal Court, Reuters Prosecutors, New, Trump Media, Prosecutors, Soviet Union, Reuters, Rocket, Digital, Republican, Afp, Getty, Trump, Manhattan U.S, Attorney's Locations: Manhattan, New York City, U.S, New York, Florida, Ukraine, Soviet, Italy, Toronto, Canada, Michael Shvartsman's Miami, DWAC, Butler , Pennsylvania

☆ Trump Media shares up 100% from recent low as DJT rally continues on heavy trading
▼ + stars: | 2024-10-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

In this article DJT Follow your favorite stocks CREATE FREE ACCOUNTOmar Marques | Lightrocket | Getty ImagesShares of Trump Media shot up as much as 19% Thursday morning, keeping up the momentum of a rally that has recovered some of the Truth Social operator's steep losses from a recent weekslong sell-off. DJT stock was trading around $24 per share shortly after the market open, more than double the $11.75 price it fetched in an intraday trading low, just over two weeks ago. Stock Chart Icon Stock chart icon Trump Media (DJT) Stock PriceThe surge came amid little positive news about the company, but coincided with some recent presidential election polls and other indicators that allies of former President Donald Trump, its majority shareholder, took as positive signs. "It doesn't have anything to do with fundamentals," said Anne Stevenson-Yang, founder and research director of short seller J Capital Research, in an interview with CNBC. "It's a bet on Trump, is all," she said.

Persons: Omar Marques, Donald Trump, Trump, Anne Stevenson, Yang Organizations: Lightrocket, Getty, Trump Media, Republican, White, J Capital Research, CNBC, Trump

☆ Cramer's Lightning Round: Reddit is a buy
▼ + stars: | 2024-10-09 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Cava : "I like Cava very much...I don't want you to buy it up here, I do want you to own it." Reddit : "I like Reddit very much [buy, buy, buy!]." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Sign up now for the CNBC Investing Club to follow Jim Cramer's every move in the market. Disclaimer The CNBC Investing Club Charitable Trust holds shares of GE Healthcare, Nextracker and Nvidia.

Persons: Cava, McCormick, Jim Cramer's Organizations: Nvidia, GE Healthcare, McCormick & Company, Accenture, Trump Media & Technology, CNBC, Club, Club Charitable Trust, Nextracker

☆ Trump Media stock soars nearly 19% as DJT extends longest rally since June
▼ + stars: | 2024-10-08 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

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

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