Trump Media Stock Rallies Amid Musk Endorsement and Executive Departures

Shares of Trump Media surged following a rally with Elon Musk, despite recent executive resignations and financial challenges.

Trump Media stock saw a significant increase, rising up to 19% in heavy trading, marking its longest rally since June.
Elon Musk endorsed Donald Trump at a Pennsylvania rally, boosting investor confidence in Trump Media's parent company, DJT.
The stock surge comes despite the resignation of key executives, including the COO, amid internal allegations of mismanagement.
Trump Media has faced financial struggles, reporting net losses over $340 million, yet maintains a market capitalization above $4 billion.
Trump, who owns a majority stake in the company, has vowed not to sell his shares, signaling continued confidence in its prospects.