The price of Trump Media stock surges 15% during active trading following the ex-president's rally in Butler with Musk.

• On Monday, the stock price of Trump Media increased significantly, following the previous day's visit of former President Donald Trump to Butler, Pennsylvania, where he held a rally with Tesla CEO Elon Musk.
• During Trump's 90-minute speech in Butler, Pennsylvania on Sunday, Musk appeared on stage to praise the Republican presidential candidate and declare himself "not just MAGA" but "Dark MAGA."
• In a regulatory filing on Thursday, Trump Media announced that Andrew Northwall, their Chief Operating Officer, resigned in late September.

On Monday, the stock price of  surged, following the previous day's visit of former President Donald Trump to Butler, Pennsylvania, where he had been attacked on July 13, to campaign alongside Tesla CEO Elon Musk.

The stock was trading around $19.00 per share with heavy volume, and shares were up roughly 15% as of 12:30 p.m ET.

During Trump's 90-minute speech on Sunday in Butler, Musk appeared on stage and praised the Republican presidential nominee, while also identifying himself as "Dark MAGA" rather than just "MAGA."

"According to Musk, this election is not typical. The president's victory is crucial for maintaining the Constitution and democracy in the United States."

Since the failed assassination attempt on July 13, the billionaire entrepreneur has publicly endorsed Trump for president and has remained a key supporter of the campaign.

Earlier this year, a political action committee created by Musk, America PAC, faced an investigation over voter data complaints. However, the probes have since been closed without any further action being taken against the PAC.

If elected president, Trump intends to establish a government efficiency commission, as proposed by Musk, to scrutinize and eliminate waste across the federal government. Trump also indicated that he would appoint Musk to head the commission.

Trump Media's success with Truth Social is contingent on Trump's popularity and continued use of the platform, as stated in previous regulatory filings. Trump owns approximately 57% of the company's stock.

Since the spike in shares following Trump's first assassination attempt in July, Trump Media shares have been on a downward trend. On Sept. 23, shares hit a new 52-week low. Despite recent reports of turmoil inside the company, shares have been steadily recovering.

In a regulatory filing on Thursday, Trump Media announced that Andrew Northwall, the company's chief operating officer, resigned in late September.

An early investor will receive nearly 800,000 shares of Trump Media stock as a result of a Delaware judge's decision that the company breached its agreement with the investor.