Trump Media & Technology Group shares are trading higher amid continued volatility in the stock. The company said it sent a letter to Nasdaq regarding suspected short selling activity in its shares.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group's shares are experiencing increased trading activity due to ongoing volatility. The company has communicated with Nasdaq, expressing concerns over suspected short selling of its shares.
April 19, 2024 | 1:02 pm
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Trump Media & Technology Group's shares are trading higher amid concerns of short selling, leading to increased volatility.
The company's proactive approach in addressing suspected short selling activity with Nasdaq could instill confidence among investors, potentially driving up the stock price in the short term. However, the situation also highlights underlying volatility and market scrutiny, which could impact investor sentiment.
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