Anamika Dey, editor
Brief news
- Trump Media shares surged over 50% in premarket trading following the attempted assassination of former President Donald Trump at a rally in Pennsylvania.
- Trump was injured by a bullet and treated at a local hospital, but released the same night.
- Analysts suggest that the assassination attempt could increase the likelihood of a Trump victory in the November election.
Detailed news
The attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday resulted in a more than 50% increase in Trump Media shares in premarket trading on Monday.
Trump was injured by the bullet and received treatment at a nearby hospital; however, he was released late Saturday night following the shooting at a rally in Pennsylvania.
As of 6:09 a.m. ET, Trump Media & Technology Group’s shares were 52% higher in premarket trading, despite having fallen from their previous highs.
In the November election, analysts hypothesised that the assassination attempt could increase the likelihood of a Trump victory.
“The events of Saturday, if they accomplish anything, bolster the argument for President Donald Trump’s victory in the November election.” Rob Casey, a partner at Signum Global Advisors, stated on Monday during an appearance on CNBC’s “Squawk Box Europe” that the markets have responded to this information.
Throughout the election campaign, Trump Media, the parent company of the social media platform Truth Social, has experienced volatile trading. The felony conviction of Trump, the firm’s majority shareholder, resulted in a nearly 50% decline in the stock price over the course of three weeks.
Source : CNBC News
