Why Trump Media Stock Is Jumping Today

Shares of Trump Media (NASDAQ: DJT) are seeing big gains in Thursday’s trading. Trump Media is getting a valuation boost following news that the company has requested that the Securities and Exchange Commission (SEC) look into alleged manipulation of its stock. Trump Media recently said that it had sent a letter to the SEC reporting suspicious activity following news that U.K. hedge fund Qube Research & Technologies had taken out a $105 million short position against its stock.

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