Premarket trading sees a 55% increase in shares for Trump Media following assassination attempt.
The attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday led to a surge in shares over 50% in premarket trading on Monday.
Trump was shot at a rally in Pennsylvania and treated at a local hospital, but released late Saturday night after being grazed by a bullet.
Premarket trading saw a 52% increase in shares of Trump Media & Technology Group at 6:09 a.m. ET, although they had previously reached higher levels.
The assassination attempt could increase the chances of a Trump victory in the November election, according to analysts' predictions.
If the events on Saturday occur, they will bolster President Donald Trump's chances of winning the election in November, according to Rob Casey, a partner at Signum Global Advisors, who spoke on CNBC's "Squawk Box Europe" Monday.
The stock of Truth Social, the social media platform owned by Trump Media, experienced significant fluctuations during the election season. The stock price dropped by almost 50% in the three weeks following the conviction of Trump, who is also the majority shareholder.
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Politics
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