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Fortune

Paolo Confino

Trump Media stock soars nearly 200% as momentum traders ride its coattails chasing major returns

Donald Trump Trump Media Donald John Trump TMTG Jay Ritter DJT

Former President Donald Trump (Credit: Win McNamee Getty Images)

Trump Media stock is surging over the past month, shooting up 198%.

The recent catapult comes after the stock tumbled to an all-time low of $12.15 on Sept. 23. The stock is now trading at $36.30 a share.

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