This website collects cookies to deliver better user experience, you agree to the Privacy Policy.
Accept
Sign In
The Texas Reporter
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Trump Media inventory soars after sudden reversal in election odds
Share
The Texas ReporterThe Texas Reporter
Font ResizerAa
Search
  • Home
  • Trending
  • Texas
  • World
  • Politics
  • Opinion
  • Business
    • Business
    • Economy
    • Real Estate
  • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Books
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© The Texas Reporter. All Rights Reserved.
Business

Trump Media inventory soars after sudden reversal in election odds

Editorial Board
Editorial Board Published October 12, 2024
Share
SHARE

Shares of Trump Media and Know-how Group, the guardian firm of Reality Social, have jumped over the previous week as betting markets began tilting towards former President Donald Trump.

On Friday, the inventory surged 4.8% to shut at $25.28, up 53% from final Friday’s closing value.

That coincided with a broad enchancment in Trump’s odds of victory on high betting websites. For instance, Vice President Kamala Harris was within the lead final weekend on PredictIt, then was tied by Wednesday, and was overtaken by Trump the next day.

Equally, Harris had a slight edge on Oct. 4 on Polymarket, however misplaced it over the weekend, with Trump widening his lead all through the next week. As of now, it reveals 55% for Trump and 44.7% for Harris.

And on Kalshi, Harris and Trump had been largely neck and neck, however Trump started pulling forward by mid-week and now leads 53% versus 47%.

In the meantime, famend knowledge scientist Thomas Miller, a professor at Northwestern College, additionally informed Fortune’s Shawn Tully on Thursday that Trump’s odds surged over the previous week, giving him a two-vote electoral school lead.

He maintains that his mannequin, which is guided by political betting knowledge, is a significantly better forecaster than following the person polls.

Whereas nationwide opinion polls haven’t seen a dramatic reversal, with Harris clinging to a slim lead, polls in the important thing swing states of Michigan, Wisconsin, and Pennsylvania present her benefit shrinking whereas Trump has held onto leads in different battlegrounds like Georgia and North Carolina.

Trump Media shares have already been on a wild trip this 12 months, performing like a barometer of Trump’s election prospects. The inventory skyrocketed following Trump’s first debate with President Joe Biden in June and once more after Trump survived an assassination try in July.

However after Biden stepped apart and Harris took his place within the presidential race, Trump Media inventory tumbled. Shares offered off additional final month because the finish of the lockup interval approached, permitting firm insiders to promote their shares.

Then final month, Trump stated he wouldn’t promote his inventory, dampening hypothesis that he would money them out to cowl authorized or marketing campaign bills. Since hitting a low on Sept. 23, Trump Media inventory has leapt 115%.

Trump owns about 59% of the excellent shares, which means his stake is now price almost $3 billion.

TAGGED:electionMediaoddsreversalSoarsstockSuddenTrump
Share This Article
Twitter Email Copy Link Print
Previous Article This is your Clear Cooperation opinion roundup: The Obtain
Next Article Floridians proceed to scrub up from Hurricane Milton, with over 1 million nonetheless with out energy

Editor's Pick

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

Sizzling Lady Summer time Begins within the Bathe—Right here’s Learn how to Prep Your Pores and skin

We might obtain a portion of gross sales if you buy a product by a hyperlink on this article. Most…

By Editorial Board 8 Min Read
Alpine’s Sizzling Hatch EV Has a Constructed-In, ‘Gran Turismo’ Model Driving Teacher

One other win over its Renault 5 sibling is a multi-link rear…

3 Min Read
Louis Vuitton Is Dropping a New Perfume As a result of It’s Sizzling | FashionBeans

We independently consider all beneficial services and products. Any services or products…

2 Min Read

Latest

Debut Novel The Revenant’s Mark Blends Revolutionary War History with Dark Fantasy in a Haunting Tale of Resurrection and Reckoning

Debut Novel The Revenant’s Mark Blends Revolutionary War History with Dark Fantasy in a Haunting Tale of Resurrection and Reckoning

LITTLETON, CO — Wesley C. Martin, a former U.S. Marine…

July 19, 2025

GARI Emerges as a Global Leader in Research Mentorship and Scholarly InnovationAustin, Texas

As global higher education continues to…

July 19, 2025

“A Family’s Fight to Reclaim Their Legacy”

Introduction: For generations, the Wright family…

July 9, 2025

AR Global Inc CEO Kason Roberts Donates to Support Kerrville Storm Victims, Mobilizes Team for Restoration Efforts

Kerrville, Texas — In the aftermath…

July 9, 2025

Bitcoin Tops $109,000 After Senate Passes Trump’s ‘Big Beautiful Bill’ – “The Defiant”

The crypto market posted modest good…

July 9, 2025

You Might Also Like

Chime’s sticky person base makes it a winner for traders, analyst says
Business

Chime’s sticky person base makes it a winner for traders, analyst says

It’s been lower than a month since Chime Monetary went public, however the neobank is successful over analysts who're already…

6 Min Read
This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI
Business

This yr’s Amazon’s Prime Day is essentially the most unpredictable ever due to tariffs and AI

For those who look again 10 years to the primary and authentic Amazon Prime Day gross sales occasion, you may…

5 Min Read
Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU
Business

Macron says France and the UK will ‘save Europe’ regardless that Brexit was all about Britain leaving the EU

French President Emmanuel Macron on Tuesday urged Britain to stay near its neighbors regardless of its exit from the European Union, saying…

8 Min Read
Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip
Business

Trump doubles down on Aug. 1 tariff deadline as shares proceed to dip

Markets prolonged their downward slide on Tuesday as buyers remained cautious concerning the looming tariff deadline, with the S&P 500…

4 Min Read
The Texas Reporter

About Us

Welcome to The Texas Reporter, a newspaper based in Houston, Texas that covers a wide range of topics for our readers. At The Texas Reporter, we are dedicated to providing our readers with the latest news and information from around the world, with a focus on issues that are important to the people of Texas.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© The Texas Reporter. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?