CNN —
Shares of former President Donald Trump’s social media company roared higher on the final day before the US presidential election.
Trump Media & Technology Group (DJT), the parent company of Truth Social, surged 12% Monday. There was no apparent catalyst for the increase.
The stock has been highly volatile since it went public in March: It quadrupled in value over a five-week span before plunging by 41% over the past three trading sessions.
Traders have used Trump’s stock as a kind of barometer for the former president’s perceived reelection chances.
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