Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Barry Markson

(280 posts)
8. Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
Thu Apr 18, 2024, 11:37 AM
Apr 2024

I hate short sellers with a white-hot passion.
DJT is up ~30% in the last 2 sessions.

I hope the shorts get burned to the ground.


The short-selling-prevention tips posted Wednesday on Trump Media’s website come as its DJT stock has fallen sharply in price since it began being public trading on March 26 — and as short sellers have taken a keen interest in the owner of the Truth Social app despite relatively high fees to finance such trades.

Trump Media’s share price rose sharply on Wednesday, by more than 15%, its closing price of $26.40 was still a whopping 63% lower than the price it opened at on March 26.

The stock slumped by 20% last week alone, and then plummeted by more than 18% on Monday and then over 14% on Tuesday.


https://www.cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

Latest Discussions»General Discussion»That turd stock DJT is up...»Reply #8