BUZZ-Trump Media set for best week in 3 months ahead of Inauguration Day
Shares of Trump Media & Technology Group DJT.O up 4% at $42.59 on the last trading day before Donald Trump is sworn in as president of the United States on Monday
At current levels, stock has climbed 20.7% so far this week, looking at its sharpest weekly percentage surge since Oct. 21
In the run up Nov. 5 U.S. election, retail traders ramped up their bets on DJT, the parent of Truth Social platform, as a proxy of Trump returning to the White House for a second term
Earlier this week, retail traders' purchases of DJT shares hit levels last seen in mid-Nov
In December, Trump moved the entire 52.9% stake he owns in DJT to a revocable trust
After nearly doubling in value last year, DJT up 25% so far in 2025
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))
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