CandleFocus Trump Media and Technology Group (DJT) stocks’ rally extends, gaining over 18% today
2024-10-15
Author: Content Editor
The Trump Media and Technology Group's stock (DJT) has experienced steady growth, reaching an 18% increase on October 14. This surge in stock price has resulted in a boost of approximately $530 million to former President Donald Trump's net worth, making him the 603rd wealthiest person globally with a net worth of around $5.5 billion. DJT stocks initially relied heavily on Trump's success and performance in the November elections. Prediction sites such as Polymarket and Kalshi place Trump ahead, while counterparts like FiveThirtyEight and RealClearPolitics place Kamala Harris in the lead. Despite experiencing significant lows and losses in Q3, DJT stocks have recently performed well, particularly following Trump's failed assassination attempt in July, which saw a spike in stock prices. The recent launch of the Truth+ TV streaming service has contributed to the stock's positive performance. Elon Musk's appearance at a recent rally has further fueled the growth of DJT stocks, as the SpaceX and Tesla CEO expressed his support for Trump and his belief in the importance of winning. Trump has also expressed interest in having Musk in his cabinet if he were to win the elections.
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