Shares of Donald Trump‘s media company rose in early trading Monday after the failed assassination attempt over the weekend, that boosted the former U.S. president’s bid to return to the White House.
Trump Media & Technology Group shares rose 67% to around $50 in pre-market trading, putting the company on track to erase a 37% drop since late May.
Shares have been volatile since their debut in March as traders reacted to the changing odds of Trump and President Joe Biden winning the presidential race, according to Bloomberg.
Trump, who was shot at a rally in Pennsylvania on Saturday, saw his chances of winning a second term increase after the attack, according to PredictIt data.
Trump Media owns a majority stake in the operator of social media platform Truth Social, which was launched after Trump was banned from major websites following the 2021 Capitol Hill riot. The remaining shares are mostly owned by private investors.
