ÐÇ¿Õ´«Ã½

Skip to main content

Shares of Trump Media & Technology rise following first presidential debate

Pedestrians walk past a Nasdaq window displaying news on Trump Media on March 26, 2024, in New York. (AP Photo/Frank Franklin II, File) Pedestrians walk past a Nasdaq window displaying news on Trump Media on March 26, 2024, in New York. (AP Photo/Frank Franklin II, File)
Share

Shares of Trump Media, the owner of social networking site Truth Social, jumped 5 per cent at the opening bell Friday after the first U.S. presidential debate, with some investors believing it could become a bigger mouthpiece for the former president if he is re-elected.

U.S. President Joe Biden and former U.S. president Donald Trump clashed Thursday evening on topics including abortion, immigration and the Jan. 6, 2021 attack on the U.S. Capitol.

Biden's performance was largely seen as uneven, particularly early on. He tried repeatedly to confront Trump, who countered Biden’s criticism by leaning into falsehoods about the economy, illegal immigration and his role in the Jan. 6 insurrection.

Citi analysts said Friday there may be increased interest in Trump Media & Technology based on news headlines following the debate.

Shares of Trump Media & Technology have been buffeted during Trump's run for president and swung wildly a day after Trump's conviction in his hush money trial.

A New York jury found Trump guilty of falsifying business records in a scheme to illegally influence the 2016 election through hush money payments to a porn actor who said the two had sex.

The stock, which trades under the ticker symbol “DJT,†has been extraordinarily volatile since its debut in late March, joining the group of meme stocks that are prone to ricochet from highs to lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.

The stock has tripled this year, in the process frequently making double-digit percentage moves either higher or lower on a single day. It peaked at nearly US$80 in intraday trading on March 26. For context, the S&P 500 is up almost 10 per cent year to date.

Trump Media & Technology reported in May that it lost more than US$300 million last quarter, according to its first earnings report as a publicly traded company.

CTVNews.ca ÐÇ¿Õ´«Ã½

At least 20 homes have been affected by flash flooding in the British Columbia Interior following heavy rains that forced the overnight closure of the Trans-Canada Highway near Kamloops.

Yellowhead County in west-central Alberta says a fire that prompted the closure of a major highway west of Edmonton involved a gas metering station.

Local Spotlight

When Zhya Aramiy was living in Turkey and Iraq, he had to keep his Pride flags hidden away.

A rave at the Ontario Science Centre was the place where Greg LeBlanc says his relationship first began with his husband Mark in 1997.

The city is entering the final stages of resuming water service through its repaired feeder main, as water consumption continues to fall below the city’s threshold level.

A grandfather and grandson duo proudly graduated alongside each other at the same northern Manitoba school.

A large basking shark was captured close to the shoreline on Nova Scotia's Eastern Shore.

The world's largest hockey stick could soon become the world's most in-pieces hockey stick as a Vancouver Island community prepares to tear down and carve up the Canadian landmark.

For half a decade, a Saskatoon family has been trying to bring their orphaned niece to Canada, they say now it’s a matter of life or death.

Stay Connected