Shares of Trump's media firm surge 300% in a month as election nears
** Shares of Trump Media & Technology Group DJT.O surge ~22% to highest since Jun on Mon, extending huge recent comeback as White House race enters final stretch
** DJT rises as high as $47.48 on the session, and stock has now bounced ~300% from late Sept record intraday low of $11.75 as betting odds favored Republican candidate Donald Trump in his bid to secure a second four-year term as U.S. president
** Since listing in Mar, DJT, which operates the Truth Social app, has been popular with traders who view the stock as a speculative bet on Trump's political fortunes
** Heading into the Nov 5 election, betting odds reflect expectations of him likely beating Vice President Kamala Harris, the Democratic candidate, though opinion polls show a tight contest in seven battleground states that could determine the victor
** DJT last up 17.2% at $45.65, giving co a market cap of about $9.1 bln, and valuing Trump's 57% stake at roughly $5.2 bln
** Meanwhile, some other Trump-linked stocks rise on Mon
** Software developer Phunware PHUN.O, hired by Trump's 2020 presidential re-election campaign to build a phone app, last up 1% at $10.70. Last week, PHUN announced its CEO retired after a year in the role, and its stock plunged 40% in a single session
** Shares of video-sharing platform Rumble RUM.O, which is backed by Trump's running mate JD Vance, up 13.5% to $6.45
** Also, shares of prison operators GEO Group GEO.N and CoreCivic CXW.N up ~7% and ~5%, respectively. Trump has promised to crack down on illegal immigration if elected, which would benefit these firms
** And Bitcoin BTC= added more than 2% on Mon as Trump has positioned himself as pro-cryptocurrency
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
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