Trump Media & Technology Group’s stock, often seen as a gauge of former U.S. President Donald Trump's political future, saw a massive surge on Election Day. Early election results showed momentum for Trump in his closely fought re-election bid against Vice President Kamala Harris.
The stock jumped 10% by the end of formal after-hours trading and continued its sharp climb, spiking an additional 43% in special trading on Robinhood, reaching over $48 per share. Investors are eyeing the stock as a potential indicator of Trump’s success in the election race.