Shares in the former president’s media company jumped more than 6% after the company revealed a surprise earnings statement.
The stock, seen as a market proxy for the former president's prospects as he seeks a second term in office, rallied despite aShares have been volatile during the election season, rising and falling as Trump's fortunes swirled during his neck-and-neck race with Democrat Vice President Kamala Harris.They are down more than 34% over the past five trading sessions as Harris seemingly picked up momentum in the race's final days.
In Tuesday's session, as the candidates made their closing push, the stock burst more than 18% at its session high, only to"This has been an extraordinary quarter for the Company, for Truth Social users, and for our legion of retail investors who support our mission to serve as a beachhead for free speech on the Internet," Trump Media CEO Devin Nunes said in a statement.To be sure, the stock is not necessarily a perfect play on whether Trump wins.
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