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0.00123346769672024 -0.000239021252235468 0.0018236436281655 0.00979396958233242 0.0375263366009406 0.0329672275305268 0.0277913846117526 0.059380551342355
Stock impact report

Trump Media Ropes In Congress to Pursue Claims of Illegal Shorts [BNN Bloomberg (Canada)]

Trump Media & Technology Group Corp. (DJT) 
Company Research Source: BNN Bloomberg
Trump Media & Technology Group Corp. Chief Executive Officer Devin Nunes penned a letter asking for an investigation into the trading of the stock and whether laws including those governing racketeering and tax evasion were violated. The parent of Truth Social has flagged concern that so-called “naked” short sales, which involve betting against a stock without first borrowing shares, could potentially be occurring, hurting its loyal retail investors. The stock has been volatile since going public four weeks ago, trading around $33 per share Wednesday, after hitting an intraday peak of $79.38 in its debut on the Nasdaq. Trump Media has captivated individual investors who piled into the stock and touted their investments across the Truth Social platform as a way to support Trump's 2024 re-election campaign. Trump Media's letter is the latest salvo in a bid to place itself at the center of a battle between its supporters and Wall Street. The missive from Nunes, a former California R Show less Read more
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