A man looks at a screen that displays trading information about shares of Truth Social and Trump Media & Technology Group, outside the Nasdaq Market site in New York City, U.S., March 26.Possible confusion over the new stock symbol for former President Donald Trump’s Truth Social saw some investor brokerage balances briefly jump by hundreds of thousands of dollars on Tuesday, the first day Trump’s “DJT” ticker traded.
Shares of Trump Media & Technology Group opened Tuesday at $70.90, while the Dow Jones Transportation Average started the session at 15,937.73 points. Two X users and one on Reddit surmised that the inflated balances were due to the ticker symbol for the company being nearly identical to the index. While social media users said the issue appeared to have been resolved, many rued not being able to cash out their supposed gains from the error.
Source: News Formal (newsformal.com)
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