Republican presidential nominee and former U.S. President Donald Trump reacts at a rally in Las Vegas, Nevada, U.S. September 13, 2024.rose on Election Day Tuesday, with traders betting a second Trump presidency would give the business prospects of the Truth Social operator a boost.— former President Donald Trump's initials — is also seen as a proxy for Republican candidate's prospects of retaking the White House.
"We are trading this like Gamestop on steroids right now," said Jay Woods, chief capital strategist at Freedom Capital Markets, on CNBC Monday. "And you know, kudos to those that are trading it making money. But over the long term, the metrics don't make any sense," Woods added. Trump Media shares have seen huge retail trader inflows in the week's leading up to the election and has been the most-discussed stock on Reddit page WallStreetBets, which gained popularity during the GameStop fueled stock meme fad of 2021.shows Trump and Harris are neck and neck, with both candidates getting support from 49% of voters.