Jay Ritter
Cordell Eminent Scholar Jay Ritter

GameStop, AMC stock booming after Roaring Kitty’s return. Will Trump Media stock follow?

Experts have likened Trump Media & Technology Group’s trading to a meme stock, given the prices seem to be driven more by popular support rather than the business’s financial success or outlook.

Cordell Eminent Scholar Jay Ritter explains that many meme stock investors work against short selling, a strategy that involves selling shares in the hopes the price will drop, then buying them back at a lower price and locking in a profit.

Read more from Ritter in this story from USA Today