Trading halt? The dumb company is up over 100% in less than a month. I can’t imagine why it dropped 10%. Let it tank already.
Trading halts are done automatically by the exchanges anytime any stock falls by a certain amount within a certain time frame. It’s meant to interrupt automatic, algorithmic high frequency trading from a runaway out of control feedback loop - think of it like muting the microphone when the speakers start making that high pitched feedback screech. Give it time. If there’s any justice left in the world it will be a penny stock by the new year.
The stock price whipsawed during an extremely volatile trading session in which more than 97 million shares traded hands — multiple times the company’s 30-day average trading volume.
Does Trump have to disclose if he is dumping his shares? That many shares trading hands makes me wonder if he is trying to cash out before the stock starts to tank again.
Good luck getting old man diaper rash to do anything he has to do.
Every time Trump loses, America wins.
Sad trombone
CNBC - News Source Context (Click to view Full Report)
Information for CNBC:
MBFC: Left-Center - Credibility: High - Factual Reporting: Mostly Factual - United States of America
Wikipedia about this sourceSearch topics on Ground.News
https://www.cnbc.com/2024/10/15/trump-media-shares-halted-after-sudden-djt-stock-plunge.html
