Shares of DatChat, Inc. (NASDAQ:DATS) are skyrocketing on Monday possibly after the attempted assassination of former President Donald Trump over the weekend.
What To Know: DatChat, a company known for its focus on privacy and end-to-end encryption services, has historically rallied alongside stocks associated with Donald Trump. The attempted assassination of Trump during a rally for his 2024 presidential campaign has increased his visibility according to CNBC.
Over the weekend, Trump was shot in the ear during a rally but survived the attempt. This incident has led to speculation that his electoral prospects could be strengthened as a result. The market is responding to these political dynamics, with investors quickly moving to capitalize on the potential implications for stocks linked to Trump.
What Else: The news has triggered an influx of trading activity in DATS stock. As of this writing, more than 14.9 million shares have been traded, far exceeding the company's daily average trading volume of about 158,000 shares.
DATS Price Action: DatChat shares were up by 54.8% at $1.61 at the time of writing, according to Benzinga Pro.
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