What's Going On With Trump Media & Technology Group Stock On Wednesday?

Trump Media & Technology Group Corp DJT stock is on a roll this week amid reports indicating Republican presidential candidate Donald Trump is gaining an edge versus Democratic contender and Vice President Kamala Harris.

The Truth Social parent continues to reflect majority stakeholder Trump’s every move, from presidential election poll results to his approach on election mandates, transcending internal whistleblower complaints against CEO Devin Nunes over unscrupulous practices in sharp contrast to Trump’s “America First” principles.

Harris holds a narrow 46% to 43% lead over Trump, according to a new Reuters/Ipsos poll.

According to Reuters, the six-day survey, which concluded on Monday, shows Harris maintaining a slim edge, similar to the 45% to 42% lead she held in a poll conducted a week earlier, reflecting a very close race just two weeks before the November 5 election.

The poll also highlights voters’ concerns about the economy and immigration, with 70% saying their cost of living is off track, 60% expressing pessimism about the economy, and 65% dissatisfied with immigration policy.

In terms of the economy, Trump leads Harris by 46% to 38%, and in terms of immigration, by 48% to 35%. Immigration emerged as the top issue voters want the next president to focus on in the first 100 days, with 35% naming it their priority.

Trump Media stock also benefited from its Truth+ app launch for Apple Inc AAPL iOS devices, Apple TVs, and Android TVs this week, the latest being Amazon.Com Inc AMZN Amazon Fire TVs on Wednesday.

Tesla Inc TSLA chief Elon Musk’s support for Trump since the Pennsylvania assassination attempt on the latter also had a bearing on the stock.

Musk’s America PAC committed $1 million per day through November 5 for the ones in swing states who pledge their support to the First and Second Amendments, which guarantee freedom of speech and the right to bear arms. He had already doled out $75 million to America PAC  from July to September in support of Trump.

Trump Media stock surged over 183% in the last thirty days. The stock got a big boost from Trump retaining his majority stake despite the expiry of the lockup period.

Price Action: DJT stock is up 3.93% to $35.74 at last check Wednesday.

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