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"Such an inquiry is needed to protect shareholders, including TMTG’s retail investors," Nunes says. Devin Nunes, CEO of the Trump Media & Technology Group, is asking House committee leaders to investigate the potential "unlawful manipulation of DJT stock." In a letter to the committees, Nunes pointed out that DJT [the initials for Donald J. Trump] has appeared every day since April 2 on Nasdaq’s "Reg SHO threshold list," which he said is "indicative of unlawful trading activity." The concern follows Trump Media & Technology Group, whose flagship product is social networking site Truth Social, began being traded late last month...

After giving up the entirety of their post-merger gains, Trump Media and Technology Group (NASDAQ: DJT) shares are currently in the limelight for their elevated short interest. Yet, in a somewhat unusual move, the company is now advising concerned investors on how to prevent their shares from being loaned out for short positions. Trump Media and Technology Group shares have now experienced two distinct mass liquidation waves in their post-merger phase. The first such wave materialized when the company disclosed that its Truth Social platform raked in a paltry $4.131 million in revenue in the entire of 2023, incurring a...

Do not wait. These storm clouds are not going to dissipate. ...[D]estructive issues: Insider infighting over stockholdings Competing insider shareholder lawsuits First insiders now wanting to sell Feeble responses by Trump Media CEO Nunes in interview by Fox Business News Still-open new million-share spigot from the convertible securities and contracts that are converting Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.) ... Beat the coming sellers to the exit. This stock remains significantly overpriced, with a...

ARK Invest’s Cathie Wood reiterated her call that Tesla stock is worth $2,000 early Wednesday. It’s a huge number, but there is a problem. The number didn’t go up. Wood valued Tesla at $2,000 a share in April 2023. That target was up from her 2022 update valuing Tesla stock at about $1,500 a share. The lack of a 2024 target bump is one sign things aren’t going as well as hoped. Much of her value is tied up in a coming self-driving Robo taxi business. Achieving truly self-driving cars has been harder than expected, though. On the other end...

Altria is selling off part of its 10% stake in Anheuser-Busch InBev, valued at about $2.2 billion. The tobacco giant said it would use the proceeds to purchase its own shares. Anheuser-Busch InBev has been hurt by the loss of Bud Light sales related to the boycott over the beer maker's relationship with transgender influencer Dylan Mulvaney. American Depositary Receipts (ADRs) of Anheuser-Busch InBev (BUD) slumped more than 5% Thursday after Altria (MO) slashed part of its 10% stake in the beer maker at a discounted price. Altria announced that it would be selling 35 million of its 195 million...

Google’s market value plunged by $90 billion on Monday amid controversies surrounding its new generative AI service Gemini. The ultra-woke AI became instantly famous for erasing white people from history, facing widespread mockery for not only its wildly inaccurate images, but also defending pedophilia and Joseph Stalin. Forbes reports that Alphabet stock fell 4.5 percent on Monday to close at $138.75, its lowest price since early January. The selloff came as the company grappled with backlash over accuracy and bias issues with its nascent generative AI service, Gemini. Gemini, which features an AI chatbot and image generator, inaccurately depicted historical...

Senator JD Vance issues a DIRE WARNING that the US can't produce enough weapons stock to support our own needs, let alone enough for Ukraine:“We need missiles. And America doesn't make nearly enough of those, not for our own security, and certainly not enough to support both the Ukraine conflict and, God forbid, a conflict that might occur in East Asia. So let's specify that a little bit more. We are right now depleting critical munitions, missiles, artillery shells and bullets faster than we can replenish them. “And then we send them to Ukraine. I'm sorry. Why does that make...

Including NVIDIA playing the role of Cisco Systems. Electric vehicles playing the dotcom game. Irrational exuberance in the face of a clearly faltering economy. In the mid to late 1990s it was the second expansion of the ghettos into the second ring suburbs that caused thousands of business to die. Now we have another expansion of the ghettos fueled by millions of illegals making it ten times worse.

Bets against the value of Israeli companies spiked in the days before the October 7th Hamas attacks, suggesting some traders may have had advance knowledge of the looming terror attack and profited off it, according to new research released Monday. The preliminary research, which hasn’t been peer reviewed, is from law professors at Columbia University and New York University and details a “significant” and “unusual” spike five days before the attacks in short selling in the most popular fund linked to Israeli companies. Short selling is a way to bet against the value of a security.

South Korea from Monday will re-impose a ban on short-selling shares at least until June to promote a "level playing field" for retail and institutional investors, financial authorities said on Sunday. The ban was lifted in May 2021 for trades involving the shares of companies with large market capitalisation included in the KOSPI200 and KOSDAQ150 share price indices. The restriction has remained in place for most other stocks. The FSC will review market activity in June to decide whether there is significant improvement to allow the ban to be lifted, he said. The regulator last week said it would establish...

Walt Disney's corpse could provide endless power to an entire region of the United States from all the turning over in his grave that he's currently doing. As a very pro-American man, Disney detested communism openly and strove for excellence in creation and imagination. What modernity and those who subscribe to it have done to his company is nothing short of an atrocity, and the House of Mouse that Walt built is suffering from an infestation of squatters that not only trash his company's legacy but move to direct the company in the very political direction Disney fought against. But...

Target's closing price yesterday was $128.75. It's lowest recent low was $126.99 on June 9th. It hadn't been this low since July 31st 2020 ($125.88). If stock prices drop below $126.99, expect to see a selloff in the downward direction, as stock-chart buyers and sellers are triggered. The same with Anheuser Busch It's most recent low was $53.40 on 5/31/23. It hadn't been that low since 11/9/22 ($52.11) If BUD stocks drop below $53.40, expect to see a selloff downward.

Even though the S&P 500 Index has jumped double digits, Disney’s stock is almost at its 5-Year Low. Market opening on Friday, July 21st, saw Disney’s stock at 86.54, nearing its 5-year low of 84.07.This stock price decline is believed to have erased around $16 billion from the company’s market value. Now, there’s speculation that Iger is thinking about selling the company to Apple or at least selling the noncore pieces of the business.

EMBEDDED LINKS TO STORIES AT SITE................. Remember when Disney protested Florida’s Parental Rights in Education Law, which Marxists mocked as a “Don’t Say Gay” law? Remember how neocons said DeSantis should not retaliate? Remember when Disney owned ESPN and ABC? It soon may sell them off because the company needs cash. Remember when Disney stock was $197.16? Well, it closed at $90.47 yesterday. How bad are things at the House of Mouse? Jim Cramer recommended buying it. Maybe you should. What do I know? I’m a writer, not a stock analyst. But I do have a pretty good eye for...

Disney stock has fallen to its Friday price of $89.28 from a high of $200 in 2021. Investment advisory company KeyBanc Capital Markets downgraded Disney’s stock last week due to concerns that growth has stalled for the Mouse House’s Disney+ and Hulu streaming services and lower attendance at theme parks. The company’s stock price fell after KeyBanc analysts lowered Disney’s rating from overweight to sector weight on Wednesday. According to Barron’s, analysts led by Brandon Nispel said, "While Disney appears less expensive versus its historical average, we believe the stock is unlikely to work until a number of items have...

US stocks wavered Wednesday after an unexpected interest rate hike from Canada, a surprise drop in Chinese exports and economic headwinds flagged by the Paris-based Organization for Economic Cooperation and Development (OECD) stoked fresh concerns about global growth. The S&P 500 (^GSPC) slipped 0.38%, while the Dow Jones Industrial Average (^DJI) gained 0.29%, or less than 100 points. The technology-heavy Nasdaq Composite (^IXIC) fell 1.29%. The Nasdaq 100 (^NDX) came under pressure as shares of Alphabet Inc. (GOOG) and Microsoft Corporation (MSFT) drifted lower by about 3%, respectively. The megacap tech companies had helped push the S&P 500 near a...

Well, the decision to short Anheuser-Busch InBev SA/NV (BUD) stock recently remains a winner. The stock recently broke through support, and while value buyers seem to be trying to step in here, the controversy surrounding this company has not slowed down. Perhaps memories will be short, and the conservative backlash over their marketing and branding deal with Transgender influencer Dylan Mulvaney may subside later this year. However, it seems like the damage right now is setting up to be permanent. Take a look at the comment sections on the articles covering this controversy. So many have said they are making...

Target's stock was downgraded to sector weight from overweight by KeyBanc Capital Markets. Target Corp.'s stock was downgraded to sector weight from overweight by KeyBanc Capital Markets Monday amid consumer spending pressures, specifically the impact of student loan repayments. "While we still believe in the LT [long-term] margin recovery story, we downgrade TGT to SW given increasing consumer headwinds over the next 12-18 months," wrote KeyBanc analyst Bradley Thomas, in a note. Specifically, the resumption of student loan payments represents a "sizeable" headwind for discretionary spending, according to Thomas. Student loan repayments are slated to resume later this year. Under...

More good Pride Month news coming from the corporate world! Target is paying the price for pushing transgenderism on kids. JP Morgan just downgraded Target's stock as an ongoing boycott of Target has hurt the stores' bottom line, losing them TENS OF BILLIONS of dollars. According to CNBC, JP Morgan Chase is downgrading Target's stock because the conservative moms' boycott is actually working. JP Morgan Chase thinks Target may be in for turbulent times ahead. The bank downgraded the retail giant to neutral from overweight Thursday, with a $144 price target, down from $182. The firm's new forecast implies about...

Lowest low in the past year was $139.30 on 6/17/22 Stock on Friday dropped below this to closing of $138.93 Still dropping.