Investors Are Angry About Trump Media Stock and They Let the SEC Know It
Investors are irate and suspect short sellers are manipulating the stock.
If there’s one word to describe the Trump era, his presidency, and the man himself, it’s volatile. From the Russia investigation to his impeachment to becoming the first US president to be a convicted felon, Donald Trump has taken America on a wild ride.
His publicly-traded company, Trump Media & Technology Group, which goes by the eponymous ticker DJT, is no different. Ever since Trump’s media company went public in March, a chart showing the stock’s gyrations could double as a heart monitor of America over the last eight years. After his conviction last week on 34 counts of falsifying business records, tied to the hush-money payment to an adult film star, the shares whiplashed even further.