Trump Media Stock Soars as Election Day Nears [Video]

Shares of Truth Social’s parent company continued their recent climb Monday, advancing to start the home stretch to the presidential election. 

Trump Media & Technology Group (DJT), majority owned by former President Donald Trump, was recently up 18% to just above $46, trading at its highest levels since June. The move extends a rebound from lows of below $12 set in September. 

The social network operator has become something of a meme stock, attracting investors — including retail investors — looking for a way to bet on the likelihood that Trump, the Republican nominee, will defeat Vice President Kamala Harris, the Democrats’ pick. 

The shares remain below intraday highs near $80 seen not long after the company’s merger with a so-called blank check company earlier this year. They had fallen steadily since May, but reversed course last month in part after the expiration of lock-up agreementslimiting the ability of Trump and other investors …