As the end of the heated presidential election approaches, Trump Media experiences gains in after-hours trading.

The stock price of the media company associated with former President Donald Trump increased as the voting process in the contentious election campaign came to a close on Tuesday.

Recently, during after-hours trading, there was a 20% increase in volatile and heavy trading.

Despite a surprise earnings statement showing a loss of $19.2 million in the third quarter, the stock serving as a market proxy for the former president's prospects for a second term in office rallied.

During the election season, shares have fluctuated due to the unpredictable nature of Trump's campaign, with his support fluctuating between him and Harris.

Despite dropping over 34% in the past five trading sessions, the stock with ticker DJT has experienced a 105% increase in value over the past month.

During Tuesday's session, the stock experienced a significant increase of over 18% at its high, but ultimately finished with a slight decline of 1.2%.

In the earnings release, the company reported revenue slightly above $1 million.

Devin Nunes, CEO of Trump Media, stated that this quarter has been exceptional for the company, its users on Truth Social, and its retail investors who share the mission of promoting free speech on the internet.

Nunes is a former congressman from California.

While the stock may not be a perfect indicator of Trump's victory, it could still be affected by other factors such as profit taking, given its significant gains this year.