Trump-Linked Stocks Rise. DJT Jumps 9%; Phunware Rises 12%

Tiger Newspress

05 Nov 2024

Trump Media & Technology shares rose nearly 9% on Tuesday. Phunware shares rose 12%.

Shares of Trump Media & Technology Group closed Monday higher, shaking off earlier losses to extend a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day.

The company, parent of Truth Social and majority owned by former President Donald Trump, is far from the only vehicle for election betting. Some investors have turned to prediction markets, while others have looked to crypto markets. Trump Media has lately been a high-profile example of the action ahead of tomorrow, though.

Recent polling seen by some analysts as beneficial to Trump’s principal opponent, Vice President Kamala Harris, may have shifted some traders’ bets earlier in the session—a dynamic also seen on prediction markets that, while generally indicating a belief in a Trump victory, have also moved somewhat toward Harris in recent days.

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DJT Jumps 9%; Phunware Rises 12%","media":"Tiger Newspress","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/DJT\">Trump Media & Technology</a> shares rose nearly 9% on Tuesday. <a href=\"https://laohu8.com/S/PHUN\">Phunware</a> shares rose 12%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/ac8c8c58bd0bc258a91a0f28b0ae23cb\" tg-height=\"125\" tg-width=\"347\" title=\"\"/></p><p>Shares of Trump Media & Technology Group closed Monday higher, shaking off earlier losses to extend a volatile stretch of trading for the company that has become a measure of investors’ moods ahead of Election Day.</p><p>The company, parent of Truth Social and majority owned by former President Donald Trump, is far from the only vehicle for election betting. 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