尽管如此，特朗普媒体科技集团的股价在过去一个月里涨幅仍高达近120%，这使得特朗普的净资产几乎翻了一番，达到80亿美元。① As the “Trump Deal” heats up, the stock price of Trump's Trump Media and Technology Group (TMTG) has been rising over the past month; ② However, since Wednesday, the company's stock price trend has been reversed; ③ This correction has also shrunk the net assets of Trump, the majority shareholder of the company, by more than 1 billion dollars.
As the “Trump deal” heats up, the stock price of Trump Media Technology Group (TMTG), a subsidiary of former US President and Republican presidential candidate Trump, has been rising over the past month. However, since Wednesday, the company's stock price trend has reversed. The correction also reduced the net worth of Trump, the company's majority shareholder, by more than 1 billion dollars.
This Wednesday, $Trump Media & Technology (DJT.US)$ The stock price plummeted 22% to its worst day ever, reversing a sharp rise earlier in the week. On Thursday, the stock continued to fall by nearly 12%, and trading was suspended several times due to sharp intraday fluctuations.
Despite this, Trump Media Technology Group's stock price has risen by nearly 120% over the past month, which has almost doubled Trump's net worth to $8 billion.
Earlier this week, the value of Trump Media Technology Group once soared to more than $10 billion, surpassing its biggest competitor, the X platform owned by Musk, the richest man in the world. The latter's latest valuation was around $9.4 billion.
The surging valuation of Trump Media Technology Group is not based on fundamentals, but is related to Trump's chances of winning the presidential election. As the quintessential Trump concept stock, the stock is popular among retail traders and is viewed as a speculative bet on Trump's return to the White House.
On the eve of the US election, the balance of victory seemed to have turned to Trump's side. As Trump's campaign overtook Hamas, the “Trump deal” has clearly heated up over the past month.
Notably, the reason for the sudden correction in Trump Media Technology Group's stock price over the past two days is unclear, as the company has not made any major announcements, and there have been no significant changes in the presidential election polls in recent days. Polls continue to show that there is not much difference in approval ratings between Trump and Harris.
As the election approaches, Trump Media Technology Group's stock price is expected to continue to fluctuate. Analysts pointed out that the stock acted like a meme stock and had the characteristics of a sharp rise and fall.
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