Trump Media & Technology Group Corp (NASDAQ) saw its stock decline by 9% in premarket trading Tuesday, following a 31% surge on Monday. The boost came after an assassination attempt on Donald Trump increased expectations of his November election victory.
Trump’s survival and subsequent nomination, along with the selection of Senator J.D. Vance as his running mate, strengthened his lead over President Joe Biden in betting odds. However, Citi analysts caution that this boost might fade over time.
Elon Musk is set to contribute $45 million monthly to a new super PAC supporting Trump’s campaign, joined by other notable backers.
