Trump Media & Technology Group's Stock Surges 9% Amid CEO's Call for Investigation
  • 4 days ago
Trump Media & Technology Group's stock price jumped over 9% after the company's CEO, Devin Nunes, asked House GOP leaders to investigate possible "unlawful manipulation" of DJT shares. Nunes claimed in a letter that over 60% of DJT shares have been traded by just four participants, including Citadel Securities. Nunes has requested GOP chairs to investigate "anomalous trading" of the stock to determine if there was manipulation and any violations of laws, including RICO statutes and tax evasion. Nunes alleges that Trump Media is being targeted by "naked" short selling, which involves selling shares of the company without borrowing them first.
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