Federal prosecutors are investigating if short-sellers conspired to drive down stock prices by sharing "damaging" research reports ahead of time and engaging in illegal trading tactics, The Wall Street Journal reports Wednesday.
Traders temporarily paused trading in the stock of SPAC business Digital World Acquisition Corp. on Thursday after its price surged on abnormally large trading volume following reports of a merger that would establish former President Donald Trump’s proposed social media platform.
“Meme” stock-in-chief GameStop jumped another 13% in value on Friday, building on a surge since results earlier this week that showed online sales improving and a much-hyped management reshuffle gathering pace.