The Trumpiest part of the “Trump Trade” is back on today.

In this case, we’re referring to “Trumpiest” because it’s in the stock of the company named after President-elect Donald Trump: Trump Media & Technology Group (DJT), whose shares recently rose about 17% to trade levels not seen since before the election.

Shares of the operator of Truth Social, which sometimes moves on traders’ views on Trump’s political fortunes, have more or less treaded water since early December. Now, with Trump set to be inaugurated for a second term next Monday, those traders may once again be looking to buy ahead of a big event.

The upward move in “DJT” stock is the latest in a wild recent run for the stock. In the pre-election fall, the stock fell below $12, weighed down by fears that Trump and other insiders could dump their shares once they became eligible to do so. Since then, however, they rose nearly $55 before Election Day; they are currently changing hands near $40.

He’s been pretty quiet in terms of corporate news, both in terms of announcements and rumors about possible ones acquisitions ofor for, the company. Trump Media’s last quarterly financial results came in November, though at best the numbers have been a secondary driver of the stock’s action.

Read the original article at investopedia