Donald Trump is the majority owner of Trump Media, the operator of Truth Social that trades as DJT on the Nasdaq.
The company behind Truth Social, which trades as DJT on the Nasdaq, has lost significant value in recent months.
The positive turn for the Truth Social owner follows a monthslong stock slump that erased billions of dollars from the company's market capitalization.Trump Media shares at Monday's close were at their lowest in the roughly six months since the company went public after merging with a blank-check firm.
They suggest that retail investors are trading the stock not based on its business fundamentals — it reported just $837,000 in revenue for the latest fiscal quarter — but as a way to bet on the Republican presidential nominee's political fortunes.
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