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, potentially due to the expiration of a lockup period allowing large shareholders to sell. Additionally, Donald Trump is trailing Vice President Harris in 2024 Presidential polls.
September 20, 2024 | 1:21 pm
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Trump Media & Technology Group shares are trading lower, likely due to the expiration of a lockup period that allows large shareholders to sell their stocks. This could increase the supply of shares in the market, putting downward pressure on the stock price.
The expiration of the lockup period allows large shareholders to sell their shares, increasing the supply in the market. This typically leads to a decrease in stock price due to the higher availability of shares. Additionally, negative sentiment from Trump's trailing position in polls may further impact investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90