Trump Media and Technology Group stocks jumped Tuesday in an Election Day rebound as voters go to the polls to choose either controlling shareholder, former President Donald Trump, or his opponent, Vice President Kamala Harris.

The stock, which trades under the DJT tickeris popular among retail traders and is seen as a speculative bet on Trump’s chances of winning a second term in the White House.

Former U.S. President Donald Trump dances during his campaign rally in Crotona Park in the South Bronx on Thursday, May 23, 2024 in New York. (James Devaney/GC Images/Getty Images)

Shares of Trump Media jumped more than 14% during the month. Election Day rally, but they have been volatile for weeks. The stock topped $40 per share, its high of the day Tuesday afternoon, but is down more than 20% over the past five days.

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Last week, DJT had its worst day ever, plunging 22% on Wednesday and losing more than $1 billion to Trump’s net worth. The declines continued the next day and shares of Social truth the parent company were interrupted twice in the morning due to volatility.

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Yet Trump Media shares have risen more than 100% in the past month, nearly doubling the former president’s net worth to $8 billion at one point, according to Forbeswhich tracks the wealth of the world’s richest people.

Trump Media and Technology Group operates social media platform Truth Social (REUTERS/Dado Ruvic/Illustration / Reuters Photos)

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For the second quarter, Trump Media reported a loss of $16.4 million and revenue of $837,000. The company has a market capitalization of approximately $6 billion.

Reuters contributed to this report.