Is Trump Stock (DJT) Being Manipulated by Naked Shorting Practices?
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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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“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…