Trump Media shares rose by more than 77% amid the assassination attempt on the 45th President of the United States, Donald Trump, during his campaign speech in Pennsylvania, Forbes reports this with reference to business data.
Trump Media shares soar 77% after attempted assassination of Donald Trump
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According to the publication, shares of Trump Media & Technology Group (TMTG), founded by Trump, rose 77.6% in premarket trading in the United States and hit a high of $54.84 per share.
In addition, the attack on online platforms has seen a surge in demand for products bearing the image of the businessman and politician, Reuters writes. In the first hours after the news of the shooting, online shop windows were filled with various products featuring Trump and inscriptions such as “shooting makes me stronger” or “bulletproof.”
One shop owner was able to sell about 40 Trump T-shirts on the first day after the assassination.
On July 13, during a rally in Butler, Pennsylvania, Donald Trump was the victim of an assassination attempt. Thomas Matthew Crooks, 20, opened fire from the roof of a nearby building (120 meters from Trump’s podium).
As a result of the assassination attempt, one of the rally participants was killed and two others were injured. The special services eliminated the shooter on the spot. Trump himself was wounded in the ear.
As Bloomberg wrote, within seconds of being shot, Donald Trump activated his “showmanship instinct.” After being shot in the ear, the politician raised his fist in the air and called on his supporters to “fight.”
Following the assassination attempt, American and international media wrote that the incident increases Trump’s chances of winning the upcoming presidential election.