Sadot Group (SDOT) Stock Skyrockets 183% After Trump’s Cooking Oil Tweet – What’s Next?
Stock Reacts to Trade News On the morning of Oct. 15, Sadot’s stock exploded after former President Trump hinted he might cut cooking-oil trade with China. Reuters reported Trump’s tweet on Oct. 14: “We are considering terminating business with China having to do with Cooking Oil…” as retaliation for China halting U.S. soybean purchases reuters.com. This news immediately sent Sadot’s shares soaring. According to StockTwits media coverage, SDOT was up over 183% in early trading on Oct. 15, making it one of the day’s top movers stocktwits.com. (This rally reflects speculative buying on an agri-trade stock: Sadot “produces and trades