American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Trump Media shares up by 40% on Robinhood as early indicators show former US President leading

by admin November 6, 2024
November 6, 2024
Trump Media shares up by 40% on Robinhood as early indicators show former US President leading

Shares in Donald Trump’s media company, Trump Media & Technology Group, surged as election results started to roll in on Tuesday evening.

With the former president seeking re-election in a close race against Democratic Vice President Kamala Harris, investors closely tracked Trump Media’s stock as a potential indicator of his political fortunes.

The stock initially rose 10% after formal trading hours and continued its climb in late trading, reaching a 43% gain and surpassing $48 a share on the Robinhood platform.

This volatility in Trump Media’s shares underscores the market’s response to political developments and the broader uncertainty of the 2024 election.

Election night drives Trump Media shares up by 43%

Trump Media’s stock price surged 43% in special late trading on Tuesday, signalling strong investor interest as the election results remained uncertain.

The stock’s rise came as polling stations across the US reported results, with Trump showing an early lead in the Electoral College.

With the media sector sensitive to political outcomes, Trump Media & Technology Group’s performance on election night reflected market sentiment surrounding Trump’s re-election bid.

During the election season, Trump Media shares have experienced notable volatility, mirroring the competitive nature of the race between Trump and Harris.

Market observers have pointed to the stock as a proxy for Trump’s political prospects, with share price fluctuations reflecting his changing odds in a polarised political environment.

Investors appear to view Trump Media & Technology’s future performance as intertwined with the former president’s potential return to the White House.

Trump Media posts $19.2 million loss in Q3 earnings

In a surprise earnings announcement, Trump Media reported a $19.2 million loss for the third quarter, raising questions about its financial resilience.

Despite the loss, Trump Media shares rallied, highlighting the influence of Trump’s political standing over financial performance in driving investor sentiment.

Market analysts suggest that while the loss may raise concerns, the stock’s strong performance is primarily driven by speculative trading linked to the election.

Trump Media stock benefits from Robinhood’s late trading boost

Trading on Robinhood after formal market hours provided an additional lift to Trump Media’s stock, with investors actively buying shares on Election Day.

Robinhood, which facilitates retail trading, reported heightened activity for Trump Media shares, underscoring the influence of retail investors on the stock’s post-election movements.

The 43% increase, achieved in this extended trading window, marked one of Trump Media’s most significant gains of the year.

Despite the absence of a decisive result from major swing states, Trump’s early lead in the Electoral College appeared to fuel optimism among Trump Media investors.

As news outlets held off on calling key states, the preliminary results prompted a bullish response from traders expecting a favourable outcome for Trump.

This speculative trading indicates that, for now, Trump Media’s value may hinge on the evolving election narrative.

Tuesday’s spike pushed Trump Media’s share price to levels not seen in months, reflecting a highly responsive trading environment influenced by the election.

With its price now above $48, Trump Media’s stock has become a focal point for investors speculating on the political landscape.

Analysts caution, however, that future gains may depend on Trump’s long-term political and legal viability.

The post Trump Media shares up by 40% on Robinhood as early indicators show former US President leading appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
US Election results: Donald Trump’s odds surge to 90% on betting markets
next post
SoundHound stock price analysis: Is SOUN a good AI investment?

Related Posts

DIVO: Is this JEPI ETF alternative a good...

October 23, 2024

Girl group NewJeans split sinks South Korea’s biggest...

November 29, 2024

Red Lobster closing at least 99 locations as...

May 16, 2024

Long KOPN: Kopin Corp. Q3 Earnings, 26% Revenue...

November 14, 2024

CoreWeave stock is firing on all cylinders: get...

June 4, 2025

Apple releases first preview of its long-awaited iPhone...

July 30, 2024

Alibaba unveils Qwen 2.5 AI model, says it...

January 29, 2025

Next joins £1 billion profit club as sales...

March 27, 2025

Binance reserve data reveals BTC, ETH, and USDT...

May 8, 2025

El Salvador’s Bitcoin U-turn: no new purchases since...

July 19, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • How Donald Trump’s immigration crackdown may tank the labor market

      August 4, 2025
    • Trump’s tariff threat looms over India’s Russian oil deals

      August 4, 2025
    • Trump moves nuclear submarines near Russia: what triggered the move and what’s ahead

      August 3, 2025
    • BOE rate cuts offer little relief as UK households face mounting financial strain

      August 3, 2025
    • Retail investors shift focus to Europe as US valuations stretch

      August 3, 2025

    Categories

    • Business (3,583)
    • Investing (2,703)
    • Latest News (2,031)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved