Market Movements
's stock, associated with former President 's Truth Social platform, surged 18.5% on Monday, reversing a previous slump and doubling since a September low.
Despite recent gains, the stock remains below its March peak, reflecting high volatility and speculation rather than traditional financial metrics.
Election Influence and Future Outlook
The stock's rise is largely attributed to shifting perceptions of Trump's chances in the upcoming election, with betting markets and some polls showing a move in his favor.
Analysts remain skeptical about the company's long-term value, citing a lack of a solid business plan and potential overvaluation, despite the recent rally driven by election speculation.