Why Trump Media & Technology Group Stock Is Crashing Tuesday
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower after the U.S. SEC declared the effectiveness of a registration statement on Form S-1, allowing the resale of certain shares and warrants. The stock fell 9.82% during the regular session and an additional 13.93% after-hours.
June 18, 2024 | 9:12 pm
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Trump Media & Technology Group shares are falling after the SEC declared the effectiveness of a registration statement on Form S-1, allowing the resale of shares and warrants. The stock dropped 9.82% during the regular session and 13.93% after-hours.
The SEC's declaration of the effectiveness of the registration statement allows for the resale of a significant number of shares and warrants, leading to a potential increase in the supply of shares in the market. This has caused a sharp decline in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100