Trump Media Stock had a wild week

The last few days of the US presidential campaign have been pretty dramatic for the candidates — and for the actions of their political — and partly personal — fortunes.

Shares of Trump Media & Technology Group (DJT), majority-owned by former President Donald Trump, the Republican nominee, ended today’s session down 13% to less than $31. This week they’re up as much as 40% above last Friday’s close near $39 and down more than 20% below that, meaning big swings in the market value of Trump’s majority stake, which is still worth billions of dollars.

And that’s a bit in terms of actual news about the company that operates the Truth Social platform. Instead, traders seized on the story as a way to bet on the outcome of the presidential election, broadly seen as a race between Trump and Democratic Vice President Kamala Harris. (There was at least one interesting report on Friday: The New York Post said some investors believe Tesla (TSLA) CEO and owner of X, Elon Musk might seek to acquire Company.)

Polls generally indicate a tight race ahead of Election Day. In some prediction markets, speculators appear to believe more strongly in the likelihood of a Trump win: on Polymarket, for example, traders have generally held a more than 60% chance of a Trump victory for most of this week ; those odds were slightly lower on other platforms. (Behold of Investopedia electoral betting guide,)

Meanwhile, shares of Trump Media have moved dramatically, with trading in the stock subject to volatility-based halts several times this week. At one point, the stock was trading at levels not seen since its high-flying days after its debut on public markets earlier this year.

For now, they are back around July levels after coming off September lows.

Update: This article has been updated to reflect new share price information and to include New York Post article.