Trump Stock (DJT): Brace for the Mother of All Short Squeezes
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The shares of Trump Media have surged by triple digits in approximately two weeks, marking a significant reversal from the bearish trend following its highly anticipated IPO. DJT shares surged 120% since mid-April, hitting $50 per share, partially reversing a sharp decline post-IPO. Despite weak fundamentals, DJT’s trading mimics meme stock volatility, fueled by speculation…
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According to Trump Media’s CEO, DJT shares are allegedly influenced by illegal practices by short sellers. Devin Nunes, CEO of Trump Media & Technology Group, alleged potential market manipulation of DJT shares due to concerns about naked short selling and DJT’s presence on Nasdaq’s Reg SHO threshold list. DJT’s stock performance has been volatile, with…
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Could Biden’s comments regarding “Trump’s stock” have acted as a lid or fuel for sentiment among DJT shareholders? Biden’s Dig and Truth Social’s Reply: Biden’s jab at Truth Social stirred controversy. The platform highlighted Biden’s own use and financial stability. DJT’s Market Impact and Worries: DJT’s stock heavily relies on market sentiment driven by Trump’s…
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“Trump stock” (DJT) have plummeted after their meteoric debut on the stock market. But shorting the shares, even on weak fundamentals, can be risky. DJT stock plummeted 18% after the company announced plans to sell 146.1 million shares, including 114.8 million owned by Donald Trump, with potential for an additional 21.5 million through warrants. Despite…