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.
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