Trump Media Shares Soar on Reelection Bid Boost
- Truth Social parent stock jumped by 31% to highest in a month
- Shares of private-prison companies and crypto firms also rose
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The shares of Donald Trump’s media company surged on Monday after a failed assassination attempt on the former president over the weekend boosted momentum for the so-called Trump trade across markets.
Trump Media & Technology Group Corp., which trades under the ticker DJT and debuted earlier this year, gained 31% on Monday to reach the highest level since June 12. Other stocks seen as benefiting from the Republican winning another term — from private prison firms to cryptocurrency miners — also rallied to start the week.