Shares of the company skyrocketed for several days straight this month, marking the longest price streak since June.
Former president and Republican frontrunner Donald Trump likely made a big payout this week as his social media platform, Truth Social, stock surged. While on Friday, Trump Media was up nearly 5 percent, the stock saw prior days in the week when it surged nearly 19 percent.Over the past month, Donald Trump Media, which operates Truth Social, surged by roughly 53 percent. It now stands at roughly $25 a share.
While the stock has generally been on an upward trajectory this month, the stock saw a substantial uptick after Trump held another campaign rally this week near Butler, Pennsylvania, where he survived an assassination attempt on July 13.'Trump has done quite well,' Kevin Thompson, a finance expert and the founder and CEO of 9i Capital Group, told Newsweek. 'My assumption is that he issued shares at higher valuations, which provided him significant capital by which to pay legal fees.
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