What's Going On With Trump Media & Technology Stock Friday?
Portfolio Pulse from Nabaparna Bhattacharya
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading slightly lower in the premarket session on Friday. The company has sent its fourth congressional letter addressing potential stock manipulation, citing persistent failures to deliver (FTDs) and possible illegal 'naked' short selling. Recent SEC data shows high FTDs for DJT, prompting the company to request Electronic Blue Sheet data from several financial firms.
June 07, 2024 | 12:22 pm
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Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading slightly lower following the company's fourth congressional letter addressing potential stock manipulation and high failures to deliver (FTDs). The letter highlights possible illegal 'naked' short selling and requests data from several financial firms.
The news highlights ongoing concerns about potential stock manipulation and high FTDs, which could negatively impact investor sentiment and lead to short-term price declines.
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