Trump Media Stock Surges More Than 12% on Day Before Election [Video]

Shares of former President Donald Trump‘s social media company surged on Monday on the eve of the presidential election.

Trump Media & Technology Group (TMTG), the parent company of Truth Social, surged 12.4 percent on Monday after opening the day at a loss of 6.5 percent to close at $34.34.

On Friday, TMTG shares were also down 13.53 percent to $30.56 per share. As of press time on Monday, the shares were at $34.09.

How Trump Media Has Been Performing

TMTG enjoyed an initial surge upon its Wall Street debut, closing at a high of $66.22 on March 27 but fell to $12.15 at the bell on September 23.

As Newsweek previously reported, the company’s shares have skyrocketed by more than 200 percent in the last month, coinciding with recent polls that show Tuesday’s presidential election between Trump, the Republican Party nominee, and Vice President Kamala Harris, the Democratic Party‘s nominee, will be extremely close.