Trump Media surged another 18% on Tuesday, marking its longest rally since June, after a 10% jump on Monday. The gains come as investors react to Elon Musk’s unexpected appearance at Donald Trump’s Pennsylvania rally, where Musk endorsed Trump’s 2024 bid, stating that this will be the last election if Trump doesn’t win. DJT stock has been volatile since its public debut in March, with shares fluctuating amid the election cycle and legal challenges. Trump, who owns a 60% stake in the company, has expressed no intention of selling. The company faces financial struggles, second-quarter losses, and falling revenue alongside recent leadership changes.
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00:00It's Benzinga, and here's what's on the block.
00:03Trump media surged another 18 percent on Tuesday, marking its longest rally since June after
00:08a 10 percent jump on Monday.
00:10The gains come as investors react to Elon Musk's unexpected appearance at Donald Trump's
00:15Pennsylvania rally, where Musk endorsed Trump's 2024 bid, stating that his will be the last
00:20election if Trump doesn't win.
00:22DJT stock has been volatile since its public debut in March, with shares fluctuating amid
00:27the election cycle and legal challenges.
00:30Trump, who owns a 60 percent stake in the company, has expressed no intention of selling.
00:35The company faces financial struggles, second-quarter losses, and falling revenue alongside recent
00:40leadership changes.
00:41For all things money, visit Benzinga.com.