Rumble Inc RUM shares popped on Tuesday before pulling back after the company announced that former President Donald Trump is set to speak live on the platform Tuesday night.
What To Know: Trump will deliver live remarks from his Mar-a-Lago estate on Rumble beginning at 8:15 p.m. ET Tuesday evening. Rumble took to Twitter to announce the news and shares briefly traded higher.
Trump Media & Technology Group, which is expected to merge with Digital World Acquisition Corp DWAC, is behind the Truth Social app. Truth Social announced a partnership with Rumble in late 2021.
The news comes after Trump traveled to New York on Monday for an arraignment after he was indicted by a New York Grand Jury last week for alleged involvement in a $130,000 hush money payment to adult film actress Stormy Daniels. The former President reportedly faces 34 felony counts.
Related Link: Trump's Former Secret Service Agents Said To Spill The Tea Against Him In Mar-A-Lago Probe
RUM Price Action: Rumble has a 52-week high of $17.22 and a 52-week low of $5.81.
The stock traded up to $9.71 on the news, before pulling back and turning negative. Rumble shares were last down 2.23% at $9.21, according to Benzinga Pro.
Photo: Gage Skidmore from Flickr.
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