Trump Media & Technology Shares See Increase in Value Today — TradingView News

Former President Donald Trump’s Trump Media & Technology Group Corp. (DJT) shares are on the rise on Tuesday as the company addresses concerns about potential stock manipulation and anomalous trading.

In a recent statement to shareholders, the company clarified that if shares are currently on loan by brokerage firms to facilitate short selling, investors can ask their broker to recall their shares. This move allows long-term shareholders who believe in the company’s future to hold their DJT shares in a cash account, opt out of securities lending programs, or transfer their shares to a Direct Registration account at the company’s transfer agent, Odyssey Transfer & Trust Company.

CEO Devin Nunes has been vocal about the issue, accusing certain brokerage firms of potential stock manipulation. Nunes recently wrote a letter to the U.S. House of Representatives, urging House GOP leaders to investigate the matter.

Since its debut on the Nasdaq on March 26, DJT shares have been highly volatile. The stock experienced significant fluctuations in its first month, reaching a high of $79.38 on the first trading day before plummeting due to operational losses in 2023, planned resale of outstanding securities, and the announcement of a live TV streaming platform.

Despite the challenges, DJT shares are currently trading higher by 5% at $49.04 on Tuesday. The company continues to navigate the turbulent waters of the stock market as it strives to establish itself in the media and technology industry.