Trump Media extends rebound in one of its heaviest trading sessions
Trump Media shares surge 6% to highest since June
Trump Media rebounds 150% after record low in September
Former president's stake is now worth $3.6 billion
Oct 15 (Reuters) -Shares of former U.S. President Donald Trump's media company surged 6% on Tuesday to their highest since June in one of the heaviest trading sessions since the Truth Social platform's Wall Street debut in March.
Trump Media & Technology Group's DJT.O leap to $31.55 a share added to recent strong gains reflecting betting odds that show Trump with an edge over Democratic candidate Vice President Kamala Harris in a neck-and-neck race for the White House.
About $2 billion worth of shares of Trump Media had been exchanged as of mid-afternoon, according to LSEG data. That put the stock on track for its third busiest trading session since Trump Media's market debut in March.
Since its listing, Trump Media has been popular with traders viewing it as a speculative bet that the former president will win the Nov. 5 presidential election.
Turnover in Trump Media hit $3.4 billion on July 15 after a would-be assassin shot Republican candidate Trump in the ear at a campaign rally in Pennsylvania.
Trump's odds of winning the election in recent days have edged higher on betting websites, although the outcome remains tight.
Oddschecker.com had Trump at the equivalent of about a 56% chance of winning and Harris at about 44%, while a recent Wall Street Journal poll showed the two candidates tied across battleground states that could decide the election.
On the PredictIt platform, contracts for a Trump victory traded at 54 cents, with a potential $1 payout. Harris contracts were at 50 cents.
Trump's 57% stake in Trump Media is now worth $3.6 billion.
Trump Media soared 18% on Monday after reports that Democratic candidate Vice President Kamala Harris has agreed to be interviewed on Fox News on Wednesday.
The stock has rebounded over 150% in recent weeks after closing at a record low on Sept. 24.
Trump Media saw its value briefly balloon to nearly $10 billion following its stock market debut through a blank-check company.
Trump Media's revenue is equivalent to two Starbucks SBUX.O coffee shops, and strategists say its current $6 billion stock market value is detached from its day-to-day business.
Trump Media daily turnover surges ahead of election https://reut.rs/3BN2EF1
Huge rebound for Trump Media shares https://reut.rs/3BMG3Z4
PredictIt https://tmsnrt.rs/3Y5l6QM
Reporting by Noel Randewich, editing by Nick Zieminski
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
