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Fortune

Jason Ma

Trump Media stock soars after sudden reversal in election odds

Donald Trump Trump Media Kamala Harris Joe Biden

Donald Trump (Credit: Michael M. Santiago—Getty Images)

Shares of Trump Media and Technology Group, the parent company of Truth Social, have jumped over the past week as betting markets started tilting toward former President Donald Trump.

On Friday, the stock surged 4.8% to close at $25.28, up 53% from last Friday's closing price.

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