Trump Media short sellers lost $420 million after betting against stock before blowout election victory
Portfolio Pulse from
Trump Media and Technologies Group's stock surged nearly 200% since late September, resulting in a $420 million loss for short sellers who bet against the stock before a significant election victory.
November 07, 2024 | 3:00 pm
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Trump Media and Technologies Group's stock, traded under DWAC, surged nearly 200% since late September, leading to a $420 million loss for short sellers.
The significant stock price increase of nearly 200% indicates strong market interest and potential positive sentiment following a major election victory. This has resulted in substantial losses for short sellers, suggesting a bullish outlook in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100