The price of Trump Media stock surges to 19% during the longest rally since June, with DJT at the helm.

• The stock price of Truth Social increased, allowing the company to achieve four consecutive days of growth.
• The rally gained momentum when Donald Trump, owner of Trump Media and majority shareholder of Tesla, held a presidential campaign event with Elon Musk in Pennsylvania.
• Recently, it was announced that Andrew Northwall, the Chief Operating Officer of Trump Media, had resigned.

On Tuesday, the price of Truth Social shares increased by as much as 19%, allowing the company to maintain its four-day streak of gains, which is its longest positive run since June.

On Sept. 24, DJT's intraday low was $11.75 per share, but it jumped to $22 in heavy trading, an increase of nearly 90%.

Despite hitting a high of $79.38 during its trading debut on the Nasdaq in late March, the stock price of the company remains below its peak.

Almost triple the 30-day average volume of 2:30 p.m. ET Tuesday, over 34 million DJT shares were exchanged.

Since Saturday, the rally has intensified, with the company's majority owner, Donald Trump, holding a presidential campaign rally near Butler, Pennsylvania, at the same location where he was nearly assassinated at a rally on July 13.

Thousands of supporters and Tesla CEO Elon Musk were present at the site where Trump returned, and he endorsed the GOP nominee's candidacy minutes after the assassination attempt.

The billionaire owner of social media site X, Musk, stated that Trump's victory is crucial for preserving democracy in America.

Despite news about Trump Media that might typically raise concerns about a company's well-being, the stock price surge still occurs.

In late September, Andrew Northwall, the chief operating officer of the company, resigned.

Neither Trump Media nor Northwall has disclosed the reason for his resignation, and the company has not named a replacement.

Sandro de Moraes, the chief product officer of Trump Media, announced his departure from the company on his Truth Social account.

Trump Media has seen several lower-level employees leave, including de Moraes, according to a report by ProPublica last week.

Nearly 800,000 shares of common stock from Trump Media are being handed over to ARC Global Investments II, an early investor in the blank-check firm that took Trump Media public through a merger, as revealed in Thursday's filing with the Securities and Exchange Commission.

A judge ruled that Trump Media violated a stock agreement with ARC Global, prompting the move.

In late September, the company owned by the two co-founders of Trump Media sold nearly all of their 11-million-share stake in DJT stock.

The sale happened soon after early investors, including Trump, were permitted to sell their shares.

As of Tuesday, nearly 57% of Trump Media is owned by Trump, valued at approximately $2.5 billion. He has pledged not to sell his shares.

In the past two quarters, Trump Media has recorded net losses of over $340 million on revenue of less than $2 million. Despite its Truth Social platform attracting a small audience, it competes with established social media giants such as X and Facebook.

Although the company does not generate profits, its market capitalization exceeds $4 billion.

Some analysts see Trump Media as a platform for retail investors to back Trump or speculate on his chances of defeating Kamala Harris in the upcoming presidential election in November.

This is developing news. Please check back for updates.