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cliffside

(206 posts)
4. Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
Thu Apr 18, 2024, 10:15 PM
Apr 18
https://www.cnbc.com/2024/04/18/trump-media-tells-djt-shareholders-how-to-block-short-sellers.html

"...The short-selling-prevention tips posted Wednesday on Trump Media’s website come as its DJT stock has fallen sharply in price since it began being public trading on March 26 — and as short sellers have taken a keen interest in the owner of the Truth Social app despite relatively high fees to finance such trades.

“It certainly shows concern” about short selling of Trump Media stock, said Kevin Murphy, a business professor at the University of Southern California who is an expert on executive compensation.

“I haven’t seen it before,” Murphy said when asked how common it is for companies to give shareholders instructions on how to thwart short sellers.

“Managers who ... think the stock is undervalued aren’t going to be overly concerned about short sellers,” he said..."

Latest Discussions»Culture Forums»Personal Finance and Investing»DJT Bull Trap?»Reply #4