Trump's DJT Surges 26% In Past Month, Boosting Investors' Wealth By Over $1B As Ex-President Returns To White House For A Second Term

Shares of Trump Media & Technology Group Corp DJT experienced a sharp uptick in the past month driven by Donald Trump's return to the White House for a second term. The stock has rallied over 26.23% in the last month, as per Benzinga Pro.

What Happened: An investment of $1,000 in DJT in November 2023 would be worth over $2,107 as of Friday's closing price of about $31.91. That is a cumulative growth of over 110.77% in the last year. DJT’s 26.23% movement is more than what Nvidia has experienced in the last month at 9.52% and it also outpaces the SPDR S&P 500 ETF Trust SPY, which tracks S&P 500, over the same period, which grew by 3.21%. 

As of Friday’s close, Trump Media’s market cap was $6.38 billion, marking a nearly 24% increase from $5.13 billion on Oct. 11.

The most recent surge of 15.22% occurred on Friday after President-elect Trump said he has no plans to sell his stake in the Truth Social parent. The shares were trading over 7.4% in pre-market on Monday. 

Trump denied rumors of a potential share sale in a post on Truth Social, calling them “fake, untrue, and probably illegal,” likely spread by market manipulators or short sellers. He emphasized, “I have no intention of selling.”

Trump holds a 57% stake in Trump Media & Technology Group.

Also Read: China May Benefit From Trump’s Return To White House Despite His Tariff Plans, Says Expert: ‘Short-Term pain, But Potentially Long-Term Strategic Gain’

Also Read: Trump Says He Won’t Sell Trump Media Stock

Why It’s Important: On Tuesday, Nov. 5, Trump Media reported a third-quarter net sales decline of 6% to $1.01 million. The company said advertising on the Truth Social platform drove the topline.

The company reported a loss of 10 cents per share compared to a loss of 30 cents per share in last year's third quarter. Despite recent losses and low revenue, Trump Media’s market cap now exceeds $6.9 billion.

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