Speculators and day-traders are fickle. They tend to ride short-term trends, then sell quickly. With Trump Media being viewed as a "meme" stock (that is, with little link to fundamentals), the recent price uptrend could quickly reverse.

Trump Media & Technology Group stock was climbing again ahead of Friday’s opening bell as the Truth Social parent bids to close a stellar week with another session of gains.Shares in the company, which is majority owned by former President Donald Trump and trades under the ticker DJT,

The recent rally in Trump Media & Technology Group Corp.’s stock reflects its status as a “battleground symbol” ahead of next month’s presidential election, according to Stocktwits, a social platform for investors and traders.