NEW YORK, Oct 10 (Reuters) - Shares of former U.S.
President Donald Trump's media company hit their highest closing
level in about six weeks on Thursday, with the stock rising
17.3% on brisk volume as it extended recent gains.
Trump Media & Technology Group ( DJT ), which is 57% owned
by the Republican presidential nominee running against Vice
President Kamala Harris, is now up 46% for the week so far,
closing at $24.12.
About 44 million shares exchanged hands in the session,
roughly triple their 30-day average volume, according to LSEG
data.
Trump's odds of winning the Nov. 5 U.S presidential election
have edged higher on PredictIt in recent days, climbing to 52
cents from 49 cents a week ago.
Harris' odds are the same at 52 cents, but they are down
from 55 cents a week ago, according to PredictIt.
PredictIt is an online prediction marketplace that offers
investors clues to the outcome of the election, outside of
traditional political polls.
A new Reuters/Ipsos poll this week showed Harris leading
Trump by a marginal three percentage points, 46% to 43%, as the
two remain locked in a close race.
Trump Media ( DJT ) saw its value balloon to nearly $10 billion
following its Wall Street debut in March, lifted by Trump
supporters and retail traders who saw it as a speculative bet on
his chances of securing a second four-year term as president.