Trump Media shares jump 16% just a week ahead of Donald Trump's inauguration.

This marks one of the most significant single-day increases for DJT shares since the election took place.

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Shares of Trump Media & Technology Group spiked one week before Donald Trump is set to return to the White House for his second term in office.

On Monday afternoon, Trump Media's stock experienced a notable increase, soaring over 16% and reaching a price of $41.12 per share. This marks one of the most significant single-day rises in the company's stock value since Donald Trump's presidential election victory.

In the time since Nov. 5, shares of the company — which owns Trump’s right-wing social media platform, Truth Social — have climbed 21%. Despite stocks and cryptocurrencies rallying following Trump’s election victory, Trump Media shares, which had become something of a proxy for Trump’s election odds, had a surprisingly muted response to the election results.

Trump Media shares skyrocketed roughly 180% in the six weeks prior to the election, notching the company’s biggest gains since debuting on the Nasdaq on March 26 following the completion of its merger with Digital World Acquisition Corp. (DWAC) (DWAC), a special purpose acquisition company, or SPAC.

Last month, regulatory filings showed that Trump shifted all 114.75 million of his shares — or around 58% of the company’s outstanding shares — in Trump Media to the Donald J. Trump Revocable Trust.

After the transaction, Trump no longer holds any direct ownership in Trump Media, with his revocable trust being the exclusive owner of over 50% of the company's shares. His eldest son, Donald Trump Jr., serves as the trustee of this trust and possesses complete voting and investment authority over all the securities held within it.

Trump Media has remained in a precarious financial position over the past couple of years. The company reported yet another quarterly loss in its third-quarter earnings last November. In the three months ended Sept. 30, Trump Media lost $19.2 million, with revenue falling 5.6% to just $1.01 million from a year earlier.