Shares of Trump Media & Technology Group (DJT) rose by 10% to $37.48 in an after-hour trading session as voting results started to roll on Tuesday night.
Over the past month, DJT shares have surged 105%. Trump Media surged as much as 18% at one point on Election Day before closing down by 1.2%. According to the company’s report on Tuesday, revenue for the quarter totaled only just $1 million.
Despite Election Day gains in capital value, the company reported a loss of $19.2 million in the third quarter earnings, while shares have declined 34% over the past five days.
Stock performance has fluctuated dramatically throughout the election season. Since Democratic Vice President Kamala Harris entered a tight race with Trump, his stock’s performance has reflected swings in his political fortunes.
Trump Media CEO Devin Nunes commented on the “extraordinary quarter” the company experienced. However, the recent surge may also be influenced by factors like profit-taking.
