Buckle up, readers! **Trump Media** shares have just skyrocketed more than 7% on the back of a sizzling new poll that’s lighting a fire in the stock market. This poll has former President Donald Trump barely edging out Democratic nominee Kamala Harris by a razor-thin margin of 1 percentage point, 48% to 47%. The market is buzzing with this news, and investors are jumping on the **Trump Media** bandwagon.
The market loves a good story, and this one’s a page-turner. Investors are pouring in, pushing **Trump Media** shares to new heights. This is a breath of fresh air for a stock that’s been suffocating under a nearly 45% decline over the past two months. If you thought that was bad, the shares had also plummeted almost 70% from their all-time high in March, right after the company’s big SPAC merger launch.
With this latest leap, **Trump Media’s** market capitalization now stands strong at about $3.6 billion. For those who’ve held through the turbulence, this surge offers a much-needed glimmer of hope.
What’s fascinating here is how **Trump Media** stock acts like a mirror to Trump’s political fortunes. Remember the first presidential debate? Stocks jumped almost 10% in pre-market trading, reflecting Trump’s rejuvenated political presence. Investors keep betting on the stock whenever Trump’s political chances appear to improve. This go-around is no different; the new poll data has revived the stock just as the presidential race heats up.
And let’s not forget the Trump factor. The man himself took to his platform, Truth Social, declaring, “TRUTH SOCIAL IS GREAT. THE REAL VOICE OF AMERICA!” This personal promotion came just after 10 a.m. ET on the day of the surge and added even more fuel to the fire, making investors even more enthusiastic.
To understand just how volatile and politically charged **Trump Media** shares are, take a look at these key events and their impact on the stock:
| Event | Date | Share Price Movement |
|---|---|---|
| Attempted Assassination of Donald Trump | July 13, 2024 | Stock surged initially, later fell 33% |
| Launch of Truth+ Streaming Service | August 2, 2024 | Stock rose by over 6% on Friday morning |
| First Presidential Debate | June 28, 2024 | Stock jumped 9.72% in pre-market trading, later fell by 6% during the day |
| Poll Showing Trump and Harris Neck and Neck | September 9, 2024 | Stock climbed by over 7%, closing at $18.04 per share |
There you have it – a stock that lives and breathes with the pulse of American politics. Whether you’re on board or just along for the ride, it’s certain to be a wild journey. Keep your eyes on **Market Monitors** for the latest news and expert analysis. Trust us, you won’t want to miss a single update!
