Shares of Trump Media surged over 18% Thursday, marking its fourth consecutive day of gains. Over 45 million DJT shares were traded Tuesday, tripling the 30-day average, following momentum from Donald Trump's recent rally near Butler, Pennsylvania. The event drew thousands of supporters and included an endorsement from Tesla CEO Elon Musk. Trump Media's Truth Social platform has a much smaller user base than larger social media platforms like X and Facebook. Some analysts see Trump Media as an opportunity for retail investors to support Trump or wager on his chances of defeating Kamala Harris in the upcoming election.
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00:00It's Benzinga, and here's what's on the block.
00:03Shares of Trump Media surged over 18% Thursday, marking its fourth consecutive day of gains.
00:08Over 45 million DJT shares were traded Thursday, tripling the 30-day average, following momentum
00:14from Donald Trump's recent rally near Butler, Pennsylvania.
00:17The event drew thousands of supporters and included an endorsement from Tesla CEO Elon
00:22Musk.
00:23Trump Media's true social platform has a much smaller user base compared to larger
00:27social media platforms like X and Facebook.
00:30Some analysts see Trump Media as an opportunity for retail investors to support Trump or wager
00:35on his chances of defeating Kamala Harris in the upcoming election.
00:38For all things money, visit Benzinga.com.