"Trump Media CEO Urges House GOP Leaders To Probe Possible 'Manipulation' Of DJT Stock" - CNBC
Portfolio Pulse from Benzinga Newsdesk
Trump Media CEO Devin Nunes has requested House GOP leaders to investigate potential manipulation of DJT stock, citing concerns over 'anomalous trading' and possible 'naked' short selling. The stock, which trades under the ticker DJT on the Nasdaq, has lost over half its value since its debut. Nunes' letter targets Citadel Securities, accusing them of contributing to the stock's volatility. This request follows a significant drop in DJT's stock price, amidst volatile trading sessions.

April 24, 2024 | 3:11 pm
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DJT stock has been identified for potential manipulation and 'naked' short selling by Trump Media's CEO, leading to a request for a GOP-led investigation.
The call for an investigation into DJT's stock manipulation and the focus on 'naked' short selling could further impact investor confidence, potentially leading to increased volatility and a negative short-term impact on the stock's price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100