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DJT Shares Soar 11.54% on ETF Partnership, Short-Selling Probe
Generated by AI AgentAinvest Movers Radar
Wednesday, Apr 23, 2025 6:32 pm ET1min read
Trump Media & Technology Group Corp. (DJT) shares surged 11.54% today, marking the fourth consecutive day of gains, with a cumulative increase of 33.64% over the past four days. The share price reached its highest level since February 2025, with an intraday gain of 13.28%.
Trump Media & Technology Group Corp. (DJT) shares surged after announcing a partnership with Crypto.com to launch ETFs, contributing to the stock's rise. This strategic move is expected to attract more investors and enhance the company's market presence.
DJT experienced a significant upswing as its shares soared, coinciding with an overall market rally. The positive market sentiment has provided a favorable environment for DJT's stock performance, driving investor confidence and demand.
Trump Media & Technology Group requested the U.S. Securities and Exchange Commission (SEC) to investigate suspicious short-selling activity in its stock. The revelation of a large short position by Qube Research & Technologies sparked a nearly 12% rally in
shares on April 17. This investigation has added to the stock's momentum, as investors anticipate potential regulatory actions against short sellers.
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