Two little-known Wall Street companies experienced an “unusual” stock price surge before an announcement naming Donald Trump’s sons to the board, raising fears over potential insider trading.
Shares in drone maker Unusual Machines, which listed on the Nasdaq last year, surged by more than 220pc in the four weeks leading up to the recruitment of Donald Trump Jr on Nov 27.
Meanwhile, shares of fintech group Dominari Holdings, which is headquartered in New York’s Trump Tower, were catapulted 580pc higher in the six weeks before bosses announced Donald Trump Jr had joined its advisory board.
Eric Trump, another of the US president’s sons, joined at the same time.
As ever, check short dated out of the money options trading.
Because, yes, there are still insider traders dim enough to do their trading that way…..in the first place everyone would look.