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Key Takeaways
- Shares of Trump Media & Technology Group, owner of Truth Social, jumped after markets opened Monday.
- The stock rose in the first trading session since Saturday’s attempted assassination of former President Donald Trump.
- The Republican National Convention is scheduled to begin later today.
Shares of Trump Media & Technology Group (DJT) jumped after markets opened Monday, the first trading session since Saturday’s attempted assassination of former President Donald Trump at a rally in Pennsylvania.
Stock in the company, which owns the Truth Social social-media platform, was up 35% to $41.75 as of 10:30 a.m. ET, somewhat below morning highs. The jump pulls the often-volatile shares, which have more than doubled this year, back to levels last seen in mid-June. They remain off April highs just below $80.
The rise also comes ahead of the start of the Republican National Convention, which kicks off today in Milwaukee.
Trump Media & Technology Group in early July joined the Russell 3000 and Russell 1000 indexes. The move followed its merger with Digital World Acquisition Corp., a so-called blank-check company, earlier this year.