The surge in DJT stock is unlikely to continue beyond the short term. One current investor warned that if Trump loses the election next week, shares of DJT could plunge to $0.
It's a binary bet on the election," Matthew Tuttle, CEO of investment fund Tuttle Capital Management, told Yahoo Finance's Catalysts show on Monday. "I would imagine that the day after him winning, you'd see this come down."
Shares in the company, the home of the Republican nominee's social media platform Truth Social, have seen a recent rise as both domestic and overseas betting markets shift in favor of a Trump victory.
The stock is trading at its highest level since early June, with shares up about 240% from their September lows, despite backlash from Trump's rally.
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