Donald Trump's Billions On Hold As Insiders Sell Off Truth Social Shares
Portfolio Pulse from Bibhu Pattnaik
Insiders at Trump Media & Technology Group's Truth Social are selling shares, raising concerns about the company's future. The stock, trading under NASDAQ:DJT, has dropped significantly since its initial valuation. Donald Trump, holding a large stake, is unable to sell until September 25 due to a lock-up period. The company's financial struggles and insider sales could lead to further stock instability.
August 31, 2024 | 7:48 pm
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Truth Social's stock, trading under NASDAQ:DJT, has seen a significant decline from its initial valuation. Insiders, including executives, are selling shares, raising concerns about the company's future. The stock's price is disconnected from its financial reality, with a Q1 loss of $327 million.
The insider selling indicates a lack of confidence in the company's future, which is likely to negatively impact the stock price. The significant financial losses and the stock's decline from its initial valuation further support a negative short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100