Data: Trump Media & Technology Group's five-week increase reached 324%, with a market value increase of over 7.9 billion dollars
ChainCatcher news, according to Bloomberg, the stock price of Trump's social media company has continued its five-week upward trend, with a market value increase of over $7.9 billion. Analysts expect that if Trump wins next week's election, the company will benefit significantly.Trump Media & Technology Group rose 8.8% on Tuesday, bringing its five-week gain to 324%. This has led to a surge in Trump's paper profits at the company to nearly $6 billion.The company's trading volume has surged in recent days, with approximately 165 million shares changing hands on Tuesday, more than four times the average trading volume over the past month. Despite its business performance remaining lackluster, investor interest is surging.Other companies with a slight connection to Trump's political fate have also seen stock price fluctuations, including Rumble Inc., a video network supported by Peter Thiel, which fluctuated between a 5.6% gain and an 8.5% loss on Tuesday. Phunware Inc., a loss-making software company that designed applications for Trump's 2020 campaign, saw its stock price drop over 20% at one point, closing down 18%.
