Trading in Trump Media shares halted multiple times Tuesday due to high volatility. Nearly 16 million shares traded in the first ten minutes, exceeding the stock's 30-day average volume in under an hour. DJT stock’s recent 224% rally marks its highest since October 2021, following the completed merger with DWAC, which took the company public. The stock maintains a market cap above $10 billion, driven by pro-Trump investor support and political speculation amid Trump’s 2024 campaign. Analysts attribute the surge partly to Monday’s rally at Madison Square Garden and increased political betting favoring Trump over opponent Kamala Harris.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Trading in Trump Media shares halted multiple times Tuesday due to high volatility.
00:06Nearly 16 million shares traded in the first 10 minutes,
00:09exceeding the stock's 30-day average volume in under an hour.
00:13DJT's stock recent 224% rally marks its highest since October 2021,
00:19following the completed merger with DWAC, which took the company public.
00:23The stock maintains a market cap above $10 billion,
00:26driven by pro-Trump investor support and political speculation amid Trump's 2024 campaign.
00:32Analysts attribute the surge partly to Monday's rally at Madison Square Garden
00:36and increased political betting favoring Trump over opponent Kamala Harris.