On Monday, the stock of Trump Media & Technology Group Corp (NASDAQ: DJT) bounced back after a pullback on Friday. The stock had dropped over 10% following the first U.S. presidential debate, showcasing its volatility on Wall Street. Despite opening with a 5% jump, shares later declined throughout the day, as reported by Business Standard.
Although the stock ended the week with an overall gain of more than 18%, it saw fluctuations after the presidential debate between President Joe Biden and former President Donald Trump. Biden’s performance was viewed as inconsistent, while Trump countered criticisms with false claims related to the economy, immigration, and the Capitol attack.
Following the debate, Biden’s odds of remaining the Democratic nominee decreased in political futures markets. Analysts from Citi noted that post-debate news headlines could generate increased interest in Trump Media & Technology Group. The stock has gained 159% in the last 12 months, and is often compared to meme stocks like GameStop Corp (NYSE: GME).
At the last check on Monday, DJT shares were trading higher by 2.56% to $33.59 premarket. This content was generated with the help of AI tools and reviewed by Benzinga editors. For