- cross-posted to:
- politics@lemmy.world
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
- politics@lemmy.world
- Trump Media shares closed down nearly 10% after a wild trading session that was briefly halted due to volatility when the Truth Social owner’s stock suddenly plunged in price.
- DJT stock, which had been up more than 13% earlier in the afternoon, had abruptly turned more than 6% lower on the day at the time the halt occurred.
- The stock drop came during the highest-volume day for Trump Media since it started publicly trading on the Nasdaq following a business merger with a blank-check firm.
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Say it with me now, pump n’ dump.
Trump ‘n’ dump?
Sounds overpriced.
It’s a mystery what triggers stops of trading. The percentage drop isn’t that great and the dollar total is trivial compared to the market as a whole.
You can find the specific rules on the sec site