Trump Media & Technology Group Stock Slides As Lockup Expiration Looms: What's Going On?
Portfolio Pulse from Adam Eckert
Trump Media & Technology Group Corp (NASDAQ:DJT) shares are declining as the lockup period preventing insiders from selling shares is set to expire. The stock has been volatile, with recent legal issues and insider selling concerns impacting its price.
September 19, 2024 | 1:31 pm
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Trump Media shares are declining as the lockup period expires, allowing insiders to sell. Recent legal issues and insider selling concerns are contributing to the stock's volatility.
The expiration of the lockup period allows insiders to sell shares, which typically increases supply and can lead to a decrease in stock price. Additionally, recent legal issues with ARC Global and the volatility of the stock contribute to a negative short-term outlook.
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