What's Going On With Trump Media & Technology Stock?
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are declining as the lockup period for some investors has expired, allowing them to sell shares. Despite Trump's assurance of not selling his shares, the stock has fallen over 20% in the past five days and is down nearly 75% since its SPAC merger debut.
September 20, 2024 | 4:07 pm
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Trump Media & Technology Group shares are declining as the lockup period for some investors has expired, allowing them to sell shares. Despite Trump's assurance of not selling his shares, the stock has fallen over 20% in the past five days and is down nearly 75% since its SPAC merger debut.
The expiration of the lockup period allows significant shareholders to sell their shares, which can increase the supply of shares in the market and put downward pressure on the stock price. Trump's decision not to sell his shares may provide some support, but the overall sentiment is negative as reflected in the recent price decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100