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Shares of Trump Media & Technology Group, the parent company of Truth Social, jumped by 7.82%, trading at $13.79 as of 9:57 a.m.
This marks the second consecutive day of gains for the stock, which had previously dropped more than 30% this month. Investors appear optimistic, pushing the stock higher despite recent declines in the overall performance for September.
On September 23rd, shares of former U.S. President Donald Trump’s media company fell by 10% to a new low, continuing recent losses after the expiration of insider selling restrictions.
Trump Media & Technology Group, 57% owned by the Republican presidential candidate, has seen six consecutive sessions of declines, reducing its market capitalization to $2.4 billion. The company’s stock, which runs the Truth Social app, closed at $12.15, its lowest point since its market debut in March.
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