Reported 18 days ago
Investors shorting Trump Media & Technology Group have incurred a staggering $420 million loss since the company's stock began mirroring Donald Trump's election odds, according to S3 Partners. Following Trump's successful return to the presidency, the stock surged 196% in the weeks leading up to the election, marking significant volatility and risks for short sellers, which could lead to a potential 'short squeeze'. With strong backing from Trump supporters, the stock has become a notable meme stock and is closely watched as Trump's inauguration approaches.
Source: YAHOO