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As of 9:44 AM on Tuesday, January 7, 2025, shares of Trump Media have risen by 0.31%, trading at $36.28. The stock saw a slight increase following the certification of the 2024 presidential election results on Monday. President-elect Donald Trump secured 312 electoral votes, defeating Vice President Kamala Harris, who garnered 226.
Trump Media’s rally comes after Harris presided over the joint session of Congress to announce the official electoral count, which went uncontested in the chamber. This official validation of Trump’s victory has led to a renewed surge in interest surrounding Trump-related media ventures, with investors hopeful about the impact of his return to the political scene on his media brand.
The stock’s market cap now stands at $7.872 billion, with a 52-week range spanning from $11.75 to $79.38. Despite these fluctuations, the rally reflects growing optimism in Trump Media’s future following the election’s official ratification.
Disclaimer: The information provided is for informational purposes only and does not constitute financial advice.