Trump Media Shares Gain as It Blames Short Sellers newsmax.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsmax.com Daily Mail and Mail on Sunday newspapers.
Trump Media & Technology Group wrote to Nasdaq CEO Adena Friedman alerting the exchange to "potential market manipulation" in the stock, it disclosed in a Friday filing with the Securities and Exchange Commission. Trump Media shares have been highly volatile and in recent days have hovered at nearly half their March 26 debut closing price of $57.99. In the letter, Trump Media CEO and former Congressman Devin Nunes suggested "naked" short-selling was to blame.
(Reuters) -Shares of Donald Trump's media and technology company rose over 3% on Friday after it asked the Nasdaq exchange to help prevent alleged market manipulation in its shares by so-called "naked" short sellers.
:Shares of Donald Trump's media and technology company rose over 3 per cent on Friday after it asked the Nasdaq exchange to help prevent alleged market manipulation in its shares by so-called "naked" short sellers.Trump Media & Technology Group wrote to Nasdaq CEO Adena Friedman alerting the exchange to "pote