Trump Media & Technology Group shares are trading lower, possibly amid the expiration of the lockup period that prevents large shareholders, such as Donald Trump, from selling stocks. Also, 2024 Presidential polls show that Donald Trump is behind rival candidate, Vice President Harris.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology Group shares are declining, likely due to the expiration of a lockup period that restricts major shareholders, including Donald Trump, from selling stocks. Additionally, 2024 Presidential polls indicate Donald Trump is trailing Vice President Harris.
September 19, 2024 | 5:10 pm
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NEGATIVE IMPACT
Trump Media & Technology Group shares are under pressure as the lockup period ends, allowing major shareholders like Donald Trump to sell their stocks. This could lead to increased selling pressure.
The expiration of the lockup period allows major shareholders to sell their shares, which can increase the supply of shares in the market and potentially drive the price down. Additionally, negative sentiment from Trump's trailing position in the polls may further impact investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90