Trump Media & Technology shares see 16% intraday growth

Published 01/13/2025, 11:53 AM
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Investing.com -- On Monday, shares of Trump Media & Technology Group experienced a significant intraday surge, increasing as much as 16%.

This marks the most substantial intraday rise for the company since November 18. The increase comes ahead of Donald Trump's inauguration later this month.

Trump Media & Technology Group, the parent company of Truth Social, had seen a consistent decline in its stock value in mid-2024. However, it managed to rebound during the final stages of the US presidential election last year.

Over the last 12 months, the stock of the company has seen a substantial rally, with an approximate increase of 80%.

This surge in stock value signifies a substantial turnaround for the company, which had been experiencing a downturn during the middle of 2024.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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