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Trump Media shares extend huge comeback after last week's 50%+ surge



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Updates, adds context of report VP Harris to interview with Fox News

** Shares of Trump Media & Technology Group DJT.O up 17.3^ at $29.66, highest since late Jul, after their best week since co's Mar debut

** DJT, 57% owned by Donald Trump, notched ~53% gain last week as Republican presidential nominee's odds of winning the race against Vice President Kamala Harris for the White House improved

** Shares on Mon jumped on heavy volume around 12:15 p.m. ET, shortly after the New York Times reported Harris agreed to an interview with Fox News to take place on Weds

** Stock, which remains volatile, has more than doubled from Sept 24 intraday low of $11.75

** But shares still well below peak of $79.38 hit on Mar 26 after co's public listing

** Retail traders and Trump supporters have helped propel shares of DJT, which operates the Truth Social app, and some view the stock as a proxy bet on his chances of securing a second four-year term as president

** Trump's stake in DJT currently worth roughly $3.4 bln. The former president has said he is not selling any shares after the standard 6-month lock-up period expired


(Lance Tupper is a Reuters market analyst. The views expressed are his own)

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