Group shares roseTrump Media and Technology” by more than 30 percent in futures trading, bringing the stock price in pre-trading to about $44.84 per share.
Republican Donald Trump won the US presidential elections against Democrat Kamala Harris, according to what US media announced on Wednesday, achieving an exceptional return to power.
Several television networks announced Trump’s victory, bringing the 78-year-old former president back to power as the world’s first power after a long campaign known for many fluctuations and in which he was subjected to judicial conviction and two assassination attempts.
And it happened Trump He received 277 electoral college votes, exceeding the threshold needed to win the presidency.
The stock, seen as a market proxy for the former president, rose despite the surprise earnings statement, which showed the company lost $19.2 million in the third quarter.
Trump owns a majority stake in Truth Social.
Stocks were volatile during the election season, rising and falling as Trump’s fortunes fluctuated during his close race with Democratic Vice President Kamala Harris.
Shares are down more than 34 percent over the past five trading sessions as Harris appears to gain momentum in the final days of the race.
However, the stock, which has the symbol DJT after the Republican’s initials, has risen more than 105 percent over the past month.
