4 sources·Business

Trump Media Stocks Experience Dramatic Volatility Ahead of Election

Stocks related to Donald Trump's presidential campaign face extreme volatility, with major drops in value as traders react to potential election outcomes.

25%

75%

The distribution of story sources: left-leaning (blue), center (light gray), and right-leaning (red).

Reliable

The underlying sources consistently report facts with minimal bias, demonstrating high-quality journalism and accuracy.

Balanced

The underlying sources are either a balanced mix of left and right or primarily centrist.

Subscribe to unlock this story

We really don't like cutting you off, but you've reached your monthly limit. At just $3/month or $30/year, subscriptions are how we keep this project going. Start your free 7-day trial today!

Get Started

No highlights available for this story.

Updated: Oct 30th, 2024, 8:10 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

Shares of Trump Media & Technology Group have seen significant volatility in anticipation of the 2024 U.S. election. Following a surge, the stock plunged over 22% in a single day, erasing billions from Trump's net worth. Analysts note that these stocks lack fundamental financial stability, driven primarily by speculation over political outcomes rather than performance. Trump's media firm, which owns Truth Social, is viewed as a litmus test for market sentiment regarding the election, as day traders react to fluctuating poll results between Trump and Kamala Harris.

Perspectives

Compare opinions on this story from liberal (Left), conservative (Right) or center-leaning news organizations.

No center-leaning sources available for this story.