Trump Media & Technology Group (NASDAQ:DJT) shares soared Friday premarket, continuing a rebound after Thursday’s first 2024 presidential debate between President Joe Biden, 81, and former President Donald Trump, 78, who is also the company’s majority shareholder.
Biden, hoarse and displaying little vocal range, often struggled to express his differences with Trump clearly. At one point, after Biden trailed off while defending his record on border security, CNN reports.
Trump, meanwhile, reiterated his frequent election denialism. They clashed over topics such as abortion, immigration, foreign policy, and inflation.
Biden’s performance raised concerns about his age. He sometimes appeared hoarse and unintelligible, stumbling over words, mainly when citing statistics and legislation.
On Wednesday, the court rejected a bid to limit White House interactions with social media companies to flag disinformation, which affected Trump Media’s stock.
The justices have indicated that more rulings will come on Thursday and Friday.
Truth Social, the platform under Trump Media, has struggled to retain users.
Price Action: DJT shares were trading higher by 9.64% to $40.26 premarket at the last check on Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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