Investors in Trump Media are betting on the former president, which carries risks, one expert says.
The stock's volatility may lead to investors who either bet on it by buying shares or against it by shorting it to get burned.
"The reason that people own this stock is because, in one way or another, they support Donald Trump," Rekenthaler said.The former president is the majority shareholder in Trump Media, which trades under the initials of his name, DJT, on the Nasdaq. The stock got off to a rocky start this week, with two straight days of losses, though it was
Other investors have chosen to bet against the stock through short selling. That, too, can be "dangerous," Rekenthaler said. Investing in a company that is tied to a prominent celebrity carries certain risks, noted Preston D. Cherry, PhD, founder and president of
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