Changes in US stocks | Trump Media Technology Group (DJT.US) has risen more than 10% and has surged 80% in a month

The Zhitong Finance App learned that on Wednesday, Trump Media Technology Group (DJT.US) had an intraday increase of more than 10%. The stock price had already surged 80% during the month. As of press release, it had risen 7.69% to $29.14. According to the news, in less than a month until US presidential election day, the election situation changed abruptly. According to data from Polymarket, a well-known crypto prediction market platform, Trump's approval rating continued to rise after reaching a “tie-off” on October 3. As of October 15, Trump's approval rating was already ahead of Harris's 43.6% by 55.9%.

Analysts said that DJT has not had any positive news of revenue growth recently, nor has it received an increase in the target price from analysts. The direct reason for the stock price change at this time is probably only because Trump's approval rating has been drastically reversed.