Trump Media stock soars nearly 19% as DJT extends longest rally since June

• Shares of Trump Media surged, putting the Truth Social operator on track for its fourth straight day of gains.
• The rally accelerated after Trump Media majority owner Donald Trump held a presidential campaign event with Tesla CEO Elon Musk in Pennsylvania.
• Trump Media, which trades under the DJT ticket, recently revealed Chief Operating Officer Andrew Northwall had resigned.

Shares of Trump Media surged nearly 19% on Tuesday, putting the Truth Social operator on track for its fourth straight day of gains — its longest positive price streak since June.

DJT shares at one point jumped to $22 in extremely heavy trading, nearly 90% higher than the company's intraday low of $11.75 per share on Sept. 24.

Trump Media ended the trading day up 18.5% at $21.80 per share.

But the stock price remains well below its peak in late March, when shares hit $79.38 during the company's trading debut on the Nasdaq.

More than 45 million DJT shares were exchanged Tuesday, more than tripling its 30-day average volume.

The rally has accelerated since Saturday, when the company's majority owner, Donald Trump, held a presidential campaign rally near Butler, Pennsylvania, at the same site where he was nearly assassinated at a rally on July 13.

Trump's return to the site drew thousands of supporters, as well as Tesla CEO Elon Musk, who endorsed the GOP nominee's candidacy minutes after the assassination attempt.

Musk, the mega-billionaire who owns the social media site X, told the audience that Trump "must win to preserve democracy in America."

But the stock price surge also comes despite news about Trump Media that might ordinarily raise concerns about a company's well-being.

On Thursday, the company revealed that its chief operating officer, Andrew