After another failed assassination attempt against former United States president and current candidate for the presidential seat, Donald Trump, the stock market, particularly the stocks of Trump Media (NASDAQ: DJT), have reacted by skyrocketing in price.
Indeed, Trump was golfing in his Florida gold course when Secret Service agents spotted a rifle barrel poking out from the bushes and opened fire on the person holding it, after which the suspect fled the scene, and the police arrested him, the entire ordeal taking place on September 15.
Specifically, Trump Media stocks started to soar after the news, increasing from $16.27 to $20.76, or a whopping 27.6%, in just 20 minutes, only to decline shortly after and settle in the $18 area, 11.79% higher than one day before but still lower than $19 from before the debate with Kamala Harris.
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As a reminder, DJT stock suffered a massive decline after what the public perceived as Trump’s weak performance in the debate against Harris, the current Vice President of the U.S. and his rival in the presidential race, falling from $19.90 to $15.75, or 20.85% in less than a day.
Prior to this, DJT stock was recording steady increases following the news that Trump had regained popularity over Harris on prediction markets, reaching the area of $18, only for the debate to cut short its advances. That said, the recent shocking events brought the stock price back up.
Trump Media stock price analysis
At the moment, the price of Trump Media stock stands at $17.97, reflecting an 11.79% gain on the day, reducing to 4.11% its decline across the past week and the losses in the last month to 22.07% while accumulating an increase of 2.98% year-to-date (YTD), according to the latest data on September 16.
Overall, Trump Media stock seems to react to significant developments related to Donald Trump, and the latest assassination attempt against him has benefitted the price of his stock. That said, it is important to remember that trends in the stock market can easily change, so doing one’s own research is critical.
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