Skip to Content Facebook Feature Image

Trump Media shares surge on 1st day of trading after assassination attempt on the former president

News

Trump Media shares surge on 1st day of trading after assassination attempt on the former president
News

News

Trump Media shares surge on 1st day of trading after assassination attempt on the former president

2024-07-16 04:26 Last Updated At:04:30

Shares of Trump Media surged in the first day of trading following an assassination attempt on former President Donald Trump.

Also on Monday, a federal judge presiding over Trump's classified documents trial in Florida dismissed the case because of her concerns over the appointment of the special prosecutor who brought the case.

Shares in the owner of social networking site Truth Social soared more than 31% to close Monday at $40.58.

The U.S. Secret Service is investigating how a gunman armed with an AR-style rifle was able to get on a nearby roof and shoot and injure the former president at a rally Saturday in Pennsylvania.

The gunman, who officials said was killed by the Secret Service, fired multiple shots at the stage from an “elevated position outside of the rally venue,” the agency said. Trump was bloodied and says he was “shot with a bullet that pierced the upper part of my right ear.” A spectator was killed.

In the classified documents case, U.S. District Judge Aileen Cannon granted a defense motion to dismiss the case Monday, voiding a prosecution that at the time it was brought was seen as the most perilous of the multiple legal threats Trump faced.

The stock of Trump Media & Technology Group Corp., 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 between highs and lows as small-pocketed investors attempt to catch an upward momentum swing at the right time.

Its shares swung wildly both on the day after Biden's terrible debate performance, and 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 frequently makes double-digit percentage moves either higher or lower in a single day. It peaked at nearly $80 in intraday trading on March 26. For context, the S&P 500 is up 18% year to date.

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

FILE - Republican presidential candidate former President Donald Trump reacts following an assassination attempt at a campaign event in Butler, Pa., on Saturday, July 13, 2024. Trump Media surged in the first day of trading, Monday, July 15, following the assassination attempt. (AP Photo/Gene J. Puskar, File)

FILE - Republican presidential candidate former President Donald Trump reacts following an assassination attempt at a campaign event in Butler, Pa., on Saturday, July 13, 2024. Trump Media surged in the first day of trading, Monday, July 15, following the assassination attempt. (AP Photo/Gene J. Puskar, File)

Next Article

PHOTO COLLECTION: AP Top Photos Australian Open Tennis Quarterfinals

2025-01-21 18:30 Last Updated At:18:41

This is a collection of photos chosen by AP photo editors.

Coco Gauff of the U.S. prepares to serve to Paula Badosa of Spain during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Coco Gauff of the U.S. prepares to serve to Paula Badosa of Spain during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Aryna Sabalenka of Belarus reacts during her quarterfinal match against Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka of Belarus reacts during her quarterfinal match against Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka of Belarus reacts during her quarterfinal match against Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Manish Swarup)

Aryna Sabalenka of Belarus reacts during her quarterfinal match against Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Manish Swarup)

Aryna Sabalenka of Belarus plays a forehand return to Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Aryna Sabalenka of Belarus plays a forehand return to Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Aryna Sabalenka, right, of Belarus, is congratulated by Anastasia Pavlyuchenkova of Russia following their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka, right, of Belarus, is congratulated by Anastasia Pavlyuchenkova of Russia following their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka of Belarus blows kiss into a television camera after defeating Anastasia Pavlyuchenkova of Russia in their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka of Belarus blows kiss into a television camera after defeating Anastasia Pavlyuchenkova of Russia in their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka of Belarus reacts during her quarterfinal match against Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Aryna Sabalenka of Belarus reacts during her quarterfinal match against Anastasia Pavlyuchenkova of Russia during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany serves to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany serves to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Tommy Paul of the U.S. plays a backhand return to Alexander Zverev of Germany during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Tommy Paul of the U.S. plays a backhand return to Alexander Zverev of Germany during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Alexander Zverev of Germany plays a backhand return to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Alexander Zverev of Germany plays a backhand return to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Alexander Zverev, right, of Germany is congratulated by Tommy Paul of the U.S. following their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Asanka Brendon Ratnayake)

Alexander Zverev, right, of Germany is congratulated by Tommy Paul of the U.S. following their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Asanka Brendon Ratnayake)

Alexander Zverev of Germany plays a forehand return to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany plays a forehand return to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany reacts as he holds a feather during his quarterfinal match against Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Alexander Zverev of Germany reacts as he holds a feather during his quarterfinal match against Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Tommy Paul of the U.S. rests on the net during his quarterfinal match against Alexander Zverev of Germany during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Tommy Paul of the U.S. rests on the net during his quarterfinal match against Alexander Zverev of Germany during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Alexander Zverev of Germany plays a backhand return to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany plays a backhand return to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Coco Gauff of the U.S. reacts during her quarterfinal match against Paula Badosa of Spain at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Coco Gauff of the U.S. reacts during her quarterfinal match against Paula Badosa of Spain at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany serves to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Alexander Zverev of Germany serves to Tommy Paul of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Coco Gauff of the U.S. holds a bag of ice during a break in her quarterfinal match against Paula Badosa of Spain at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Manish Swarup)

Coco Gauff of the U.S. holds a bag of ice during a break in her quarterfinal match against Paula Badosa of Spain at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Manish Swarup)

Paula Badosa of Spain reacts after winning her quarterfinal match against Coco Gauff of the U.S. at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Paula Badosa of Spain reacts after winning her quarterfinal match against Coco Gauff of the U.S. at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Vincent Thian)

Paula Badosa of Spain celebrates after defeating Coco Gauff of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Manish Swarup)

Paula Badosa of Spain celebrates after defeating Coco Gauff of the U.S. during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Manish Swarup)

Paula Badosa of Spain is congratulated by Coco Gauff, left, of the U.S. following their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Paula Badosa of Spain is congratulated by Coco Gauff, left, of the U.S. following their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Coco Gauff of the U.S. serves to Paula Badosa of Spain during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Asanka Brendon Ratnayake)

Coco Gauff of the U.S. serves to Paula Badosa of Spain during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Asanka Brendon Ratnayake)

Paula Badosa of Spain celebrates after defeating Coco Gauff of the U.S. in their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Paula Badosa of Spain celebrates after defeating Coco Gauff of the U.S. in their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Coco Gauff of the U.S. reacts during her quarterfinal match against Paula Badosa of Spain during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Coco Gauff of the U.S. reacts during her quarterfinal match against Paula Badosa of Spain during their quarterfinal match at the Australian Open tennis championship in Melbourne, Australia, Tuesday, Jan. 21, 2025. (AP Photo/Ng Han Guan)

Recommended Articles
Hot · Posts