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Stock Chart - Five week performance - $12 to $46 - Somebody thinks Donald J. Trump is going to win the election?

Paul Pelosi, the husband of Rep. Nancy Pelosi (D-CA), sold between $500,000 and $1 million worth of Visa stock, according to public records, just weeks before the Justice Department launched a lawsuit against the credit card company on Tuesday. The finding raises concerns that many members of Congress trade stocks based on information unavailable to the public. Seventy-six percent of voters believe congressional members and their spouses have an “unfair advantage” in trading stocks. Paul Pelosi traded the stock before the DOJ launched a probe into Visa for allegedly monopolizing the debit card market, Bloomberg reported. The New York Post...

Trump Media , the social media company whose majority shareholder is former President Donald Trump, on Friday reported a net loss of more than $16 million for the most recent financial quarter, as its already meager revenue fell 30% to just $836,900. Trump Media owns the Truth Social app, which is often used by the former president. The stock price of Trump Media, which trades under the DJT ticker, has fallen sharply from a high of more than $71 per share shortly after began publicly trading in late March following a merger with a so-called special purpose acquisition corporation. Trump...

Since the end of 2023 Berkshire has sold 505 million Apple shares — 115 million in the first quarter and another 390 million in the second quarter. As of June 30, that represents a 55.8% reduction in Berkshire’s Apple holdings since the beginning of the year, Reuters noted.

Here's the relevant data from http://Fintel.io, showing the astonishingly huge short position ("put") filed on July 12th by Austin Private Wealth, LLC against Trump Media & Technology Group, Corp, for an astonishing 12,000,000 shares. This would have generated a windfall of profits if Trump had been shot and killed a day later. You can look this up yourself: https://x.com/HealthRanger/status/1813722413638795656 So now the fund betting against $DJT & $RUM before the assassination attempt is saying it was a filing error and it never really happened??? https://x.com/matt_kohrs/status/1813900335523725316

Nike shares on Friday tumbled nearly 20% after the company said it expected sales to decline in its new fiscal year, the latest sign of severe turbulence at Oregon’s biggest company. It was the biggest one-day drop in Nike history, wiping out roughly $28 billion in shareholder wealth. Even before Friday’s tumble, Nike’s stock had been heading steadily downward after climbing above $170 in November 2021. Shares closed Friday at $75.36. Under CEO John Donahoe, who started work in 2020, the sportswear giant bet heavily on direct sales and the popularity of Nike classics, like Air Jordans, Dunks and Air...

A group of financial firms and investors is planning to launch a Texas-based private market stock exchange and offer traders an alternative to the New York Stock Exchange and Nasdaq. The group, which includes BlackRock, Citadel Securities and about two dozen investors, raised approximately $120 million of capital to create the Texas Stock Exchange, which would be headquartered in Dallas. They are now seeking registration with the U.S. Securities and Exchange Commission to operate as a national securities exchange later this year. “Texas and the other states in the southeast quadrant have become economic powerhouses. Combined with the demand we...

Former President Donald Trump just landed another $1.8 billion worth of stock in the corporate owner of Truth Social. Trump Media & Technology Group disclosed the windfall for Trump in a filing Tuesday, saying the former president has received another 36 million shares in the company. That bonus, known as “earnout” shares, was triggered by the company’s share price staying above certain levels. Trump Media said in the filing that on April 26 it officially determined the performance criteria “had been satisfied” and Trump was “subsequently issued the Earnout Shares.” At current prices, those new shares are valued at approximately...

"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.