Trump Media & Technology Group posted an upward trend after United States President-elect Donald Trump announced his commitment to retaining his stake in the company, which holds the Social Truth Platform.
Taking to his Truth Social account, Trump dismissed what he called rumors about plans to sell stocks, following a notable drop in stock values.
“There are false, untrue and possibly illegal rumors and/or statements, perhaps made by market manipulators or short sellers, that I am interested in selling shares of Truth,” wrote Trump on X.
“THESE RUMORS OR STATEMENTS ARE FALSE. I HAVE NO INTENTION TO SELL!”, he added.

Trump owns nearly 115 million shares, representing about 53% of Trump Media. As of Friday, his stake was valued at around £3.7 billion, while the company’s total market value was around £7 billion.
The company’s shares closed trading at $31.91, up 15.2 percent, and hit a high of $33.03 during the session. Trading was temporarily suspended due to volatility following Trump’s statement.
Earlier Thursday, the company’s shares fell as speculative investments in Trump’s possible second term declined, following his victory against Democrat Kamala Harris.
Shares rose 5.9 percent on Wednesday after Tuesday’s election day, the Reuters news agency reported.
The stock’s 30-day implied volatility, which measures expected short-term price movements in options, has declined from its pre-election peak of 300 percent. However, according to Trade Alert data, this figure remains particularly high, at around 200 percent.
Although Trump and Vice President Harris showed similar positions in pre-election opinion polls, online betting platforms showed stronger support for the former president. This led investors to focus on stocks they believed would perform better under his leadership.
This investment model led to Trump Media shares increasing by about 200 percent in the six weeks before the election.
In September, Trump had already declared his intention to retain his company’s shares and continue his involvement in the social media platform he created.