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Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock - TL;DR CNBC

Trump Media alerts Nasdaq to potential market manipulation from 'naked' short selling of DJT stock

Publishing timestamp: 2024-04-19 12:45:41


Summary

Trump Media has warned Nasdaq of potential market manipulation of the company's DJT stock due to "naked" short selling. The company's share price has dropped significantly since going public, and Trump Media CEO Devin Nunes has raised concerns about unlawful trading activity. Nunes pointed to circumstantial evidence and requested steps to ensure compliance with regulations. Nasdaq and Citadel Securities responded to the allegations.


Sentiment: MIXED

Tickers: DJTVIRT

Keywords: devin nunesdonald trumptrump media & technology group corplawsmarketspoliticsbusinesssocial mediabreaking news: marketsbreaking news: politicsvirtu financial incbusiness newsweather

Source: https://www.cnbc.com/2024/04/19/trump-media-alerts-nasdaq-to-potential-market-manipulation-from-short-selling.html


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