Trump Media shares jump more than 21% week before presidential inauguration

Shares of Trump Media jumped 21.5% Monday, one week before President-elect Donald Trump‘s inauguration.

The stock, which trades under the DJT ticker, had its best day since Oct. 28, when shares surged 21.6% following Trump’s campaign rally in Madison Square Garden in New York City.

Trump Media stock closed trading at $42.91 per share Monday.

Trump’s inaugural celebrations will begin with a reception on Saturday, followed the next day by more festivities and a “victory rally.”

Trump will be sworn in for a second nonconsecutive term in the White House on Jan. 20.

A slew of major tech companies and executives have donated to Trump’s inaugural fund ahead of the big day, including $1 million each from Google, OpenAI CEO Sam Altman and Meta, as well as reported contributions from Apple CEO Tim Cook and from Amazon.

Although Trump does not hold an executive position in Trump Media, he had been the largest individual shareholder in the company before transferring his entire stake late last year to a revocable trust, of which he is the sole beneficiary.

Trump did not receive any money for the transfer. But he now “indirectly” owns the shares. The trust’s lone trustee — his eldest son Donald Trump Jr. — has sole voting and investment power over the shares.

The social media company, which owns the Truth Social platform, had a market capitalization of slightly more than $9.3 billion at Monday’s close.

The stock is up 250% since Sept. 23, when shares hit their lowest point since 2021.

That was days after the end of a lockup period that had barred company insiders from selling their stakes for six months following Trump Media’s merger with a special purpose acquisition company that led to public trading of DJT shares.