Trump Media & Technology Group's five-week gain was 324%, with a market value increase of more than $7.9 billion

Odaily News Shares of Trump's social media company extended a five-week rally, adding more than $7.9 billion to its market value as analysts expect the company to benefit significantly if Trump wins next week's election. Trump Media Technology Group rose 8.8% on Tuesday, bringing its five-week gain to 324%. That swelled Trump's paper gains on the company to nearly $6 billion. Trading volume at the company has surged in recent days, with about 165 million shares changing hands on Tuesday, more than four times the average volume over the past month. Investor interest is surging even as its business performance remains lackluster. Shares of other companies with a tenuous connection to Trump's political fortunes also saw volatility, including Peter Thiel-backed video network Rumble Inc., which fluctuated between a 5.6% gain and an 8.5% loss on Tuesday. Phunware Inc., a loss-making software company that designed apps for Trump's 2020 campaign, fell more than 20% at one point and closed down 18%. (Bloomberg)