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NEW YORK – Shares of former US President Donald Trump’s media company, TMTG, surged 50% before the stock market opened at 12:29 p.m. today.
Analysts believe that the assassination attempt on Trump in Pennsylvania on Saturday could increase his chances of winning the November presidential election and returning to the White House, and expert Rob Casey believes that this is the main reason for the increase in Trump’s TMTG stock value, CNN reports – BBC (CNBC).
Media company TMTG was listed on the New York Stock Exchange on March 26, and its stock price fluctuated greatly during the US presidential election.
In April, the company disclosed in a regulatory filing that it was experiencing mounting losses that, according to its accountants, “cast doubt on the company’s ability to continue as a going concern.”
The publicly traded company operates under the acronym DJT, which stands for Trump’s initials.
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