politics

Trading Trump: Truth Social's first month of trading has sent investors on a ride

Font size+Author:International Infusion news portalSource:politics2024-05-08 06:21:29I want to comment(0)

WASHINGTON (AP) — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Med

WASHINGTON (AP) — There have been lawsuits, short-selling and rampant speculation. Now, as Trump Media & Technology Group approaches its first month as a publicly traded company, it’s clear that — like the man it’s named after — there’s nothing typical about the stock.

“If I woke up tomorrow and shares were zero dollars, or $100, I would not be surprised,” said Matthew Tuttle, a professional investor who bought $800 in Trump Media stock last week when it was at an all-time low. A day later, it had spiked in value.

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