Stock prices for Trump Media surge

Shares of Trump Media, operator of Truth Social, saw a significant surge of nearly 19% on Tuesday, marking its fourth consecutive day of gains. The share price briefly reached $22 in heavy trading, a substantial increase from its low in September. However, it still remains below its peak in March. The rally in stock price intensified after former President Donald Trump held a campaign rally in Pennsylvania. The event, attended by Elon Musk, saw a strong endorsement of Trump’s candidacy. Despite recent news of the resignation of the chief operating officer and other departures, Trump Media’s stock price continues to rise. The company has also faced legal issues, including breaching a stock agreement with an early investor. Trump Media has posted significant losses despite its high market capitalization. Some analysts see investing in the company as a way for retail investors to support Trump or bet on his chances in the upcoming election. Trump, who owns a majority stake in the company, has vowed not to sell his shares. Despite challenges, Trump Media’s stock price remains on an upward trend, reflecting ongoing investor interest.

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