July 15, 2024 – Trump Media & Technology Group Corp. (NASDAQ: DJT) has seen a significant surge in its stock price, rising over 60% to trade at $49.80 in pre-market trading. This dramatic increase follows the shocking news of an assassination attempt on former President Donald Trump over the weekend.

Market Reaction

As of the most recent trading session, DJT closed at $30.89, reflecting a 3.45% increase from the previous close of $29.86. However, the pre-market trading has shown a substantial jump, with the stock’s ask price at $49.85 and bid price at $49.71. This surge represents a significant shift in investor sentiment and market dynamics.

Analysis of the News Impact

The assassination attempt on Donald Trump has undoubtedly created a ripple effect across various sectors, but the most immediate impact has been observed in the stock of Trump Media & Technology Group Corp. The company, closely associated with the former President, has seen heightened investor interest and trading volume.

Key Data Points:

• Previous Close: $29.86
• Current Price (Pre-Market): $49.80
• Day Low: $30.127
• Day High: $31.55
• 52-Week High: $79.38
• 52-Week Low: $12.82
• Market Cap: $5.87 Billion
• Volume: 4,380,007 (Average Volume: 6,867,372)

Investor Sentiment and Market Dynamics

The assassination attempt has likely triggered a wave of speculative trading, with investors anticipating potential changes in the company’s future direction and leadership. The surge in stock price could also be attributed to a “rally around the flag” effect, where supporters and investors rally in support of the company during a crisis involving its key figure.