Trump Media Shares Soar Amid Assassination Attempt and Legal Turmoil
Trump Media shares surged 31% following an assassination attempt on Donald Trump. Meanwhile, a federal judge dismissed his classified documents case. The gunman, shot by the Secret Service, injured Trump at a rally, while a spectator was killed. Trump's media stock remains highly volatile.
- Country:
- United States
Shares of Trump Media surged Monday following an assassination attempt on former President Donald Trump.
On the same day, a federal judge dismissed Trump's classified documents case over concerns about the special prosecutor's appointment.
The stock of social media platform Truth Social's owner rose over 31%, closing at $40.58.
The US Secret Service is investigating how a gunman with an AR-style rifle accessed a nearby roof and shot at Trump during a Pennsylvania rally, injuring him. The shooter, who was killed by the Secret Service, fired multiple shots from an 'elevated position outside of the rally venue,' resulting in the death of a spectator.
In the dismissed classified documents case, Judge Aileen Cannon voided the prosecution, seen as a major legal threat to Trump.
Trump Media's stock, trading under 'DJT,' has shown high volatility, akin to meme stocks, with significant fluctuations based on political events. It hit nearly $80 in March but reported a $300 million loss last quarter.
(With inputs from agencies.)
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