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.

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.

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,