Trump Media shares climb over 7% after poll seen as good news for ex-president

• Shares of Trump Media, which is majority owned by Republican nominee Donald Trump, climbed more than 7% Monday, a respite from the stock's two-months-long losing streak.
• A new national poll on Sunday showed Trump and Democratic nominee Kamala Harris neck-and-neck in the race for the White House.
• The poll may have contributed to the rise in the stock, which often acts as a proxy for Trump's election victory odds.

Shares of Trump Media by climbed more than 7% Monday, a respite from the stock's two-months-long losing streak ahead of the date when its majority shareholder, former President Donald Trump, can begin selling his shares.

Shortly before 1 p.m. ET, shares of Trump Media were trading at $18.39, up 7.59% from where they opened Monday morning.

Before Monday's surge, the stock had dropped nearly 45% since its most recent high, which came in mid-July after the attempted assassination of Trump at a campaign rally in Pennsylvania.

Trump Media, which trades under the ticker "DJT," has slid nearly 70% from its all-time high in March, when it began publicly trading after merging with a special purpose acquisition company.

Shares on Wednesday closed below where they traded at the end of 2023.

Trump Media — the parent company of social media platform Truth Social — saw its share price climb on Monday without an obvious explanation.

But a new Times/Sienna poll on Sunday showing Trump and Democratic nominee Kamala Harris neck-and-neck in the race for the White House may have contributed to the rise in the stock, which often acts as a proxy for Trump's election odds.

The poll showed Trump leading Harris by one percentage point, 48% to 47%, within the survey's margin of error.

The Republican nominee on Monday also took to Truth