Trump Media stock soars 33% after assassination attempt on former president

Trump Media & Te💃chnology Group shares jumped more than 30% Monday after former President Donald Trump was shot𓄧 in an assassination attempt during a Pennsylvania rally over the weekend. 

Trump posted on Truth So𓃲cial that he “felt the bullet ripping through [his] skin” as it nicked his ♒ear and caused bleeding. The former president was treated at a local hospital and released later that night. He said the doctor called his survival a “miracle.”

Following the shooting, Trump Media shares, which trade on the Nasdaq under the former president’s initials “DJT,” opened at $46 — up 49% from the previous session’s close.

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By Monday’s close, the shares had eased to trade at $40.58. 

Th🍃e Monday stock surge comes 🐼as analysts suggest the near-assassination may improve Trump’s chances in November. 

“The events on Saturday, if they do anything, they strengthen the c🌠ase for President Donald Trump to win the election in November,” Rob Casey, pa💫rtner at . “I think that’s what the markets have reacted to.”

Trump🌸 Media shares have been notoriou꧒sly volatile since the company went public this spring.

The stock has seen steep hikes and sudden dr🦂ops throughout Trump’s race for re-election.

Shares soared in March, t🌃hen fell in May during the weeks following Trump’s𒊎 felony conviction.

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Trump Media – the tech company majority owned by the former president – launched social media platform Truth Social soon after Trump was banned from multip✅le major platforms, notably Twitter in early 2021.

The platform has struggled to grow — and retain — its small user base, according to data reported by CNBC.

The company revealed a $300 million first-quart♈er net loss in May.

Trump Media CEO Devin Nunes offered his sympathies to the family of the rally attendee who was killed and to tho🍒se who were wounded during 🅺the shooting.

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“I thank God President Trump survived the assassination attempt and is now safe,” Nunes said in a statement. “America will overcome this despicabl𓃲e shooting and together, our nation will endure.”

The CEO called for a federal investigation into the attack and🐎 for “the federal governmen𓆏t to provide any security resources requested by President Trump to guarantee his safety.”

National polls still show Trump and Pres��ident Biden in a close race, though it has yet to be seen how the assassination attempt will affect new poll outcomes.&ꩵnbsp;

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The shooting also halted talk about Biden bowing out of the race – though the incumbent has faced strong calls from fellow party leaders to make room for a new Dem candidat🔥e after a disastrous debate performance. 

Some Hollywood figures and maꦗjor Dem donors have pulled their funding and joined the push for a new candidate.