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Trump Media shares surge after assassination attempt
Shares up 47% premarket (Il Sole 24 Ore Radiocor) - New York, 15 Jul - Shares in Trump Media & Technology Group (TMTG), the parent company of social media platform Truth Social, surged more than 45% in premarket trade after the attempt on Donald Trump's life this weekend boosted "Trump-trade" bets.
The assassination attempt boosted expectations the former Republican president will win the presidential elections slated for November.
Data from betting marketplace PredictIt indicated his chances have ticked higher to more than 65%, putting him in a strong position with just over three months to go before the vote.
At 1224 GMT TMTG shares were up 47%. Trump owns a majority stake in the company.
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(RADIOCOR) 15-07-24 14:28:48 (0387) 5 NNNN