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Why Trump Media (DJT) stock price is surging

Why Trump Media (DJT) stock price is surging

Donald Trump will certainly be the next President of the United States, but the fate of his latest venture, Trump Media & Technology Group (NASDAQ: DJT) is less clear.

Throughout 2024, DJT stock has seen wild price swings — particularly as the election drew close in tandem with neck-and-neck polling numbers. Not all of the developments were positive — at times, short interest was massive, the stock crashed by double digits, and trading was even halted twice.

At press time, DJT shares were trading at  $32.78 — year-to-date (YTD) returns stood at 87.85%. However, surprisingly enough, there was no post-election rally — after reaching a high of $51.51 on October 29, shares are down 36.36%. President-elect Trump owns 53%…

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