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Published 14 days ago

Short sellers blamed by Trump Media for stock swings in warning letter to Nasdaq - Washington Examiner

Summary by Washington Examiner
Trump Media & Technology Group has raised concerns that its stock, trading under the ticker DJT, may be a target of “potential market manipulation” due to naked short-selling activity.  “Reports indicate that, as of April 3, 2024, DJT was ‘by far’ ‘the most expensive U.S. stock to short,’ meaning that brokers have a significant financial incentive to lend non-existent shares,” Trump Media CEO Devin Nunes wrote in an April 18 letter to Nasdaq CEO…

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Washington ExaminerWashington Examiner

Short sellers blamed by Trump Media for stock swings in warning letter to Nasdaq - Washington Examiner

Trump Media & Technology Group has raised concerns that its stock, trading under the ticker DJT, may be a target of “potential market manipulation” due to naked short-selling activity.  “Reports indicate that, as of April 3, 2024, DJT was ‘by far’ ‘the most expensive U.S. stock to short,’ meaning that brokers have a significant financial incentive to lend non-existent shares,” Trump Media CEO Devin Nunes wrote in an April 18 letter to Nasdaq CEO…

14 days ago·Washington, United States
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