Trump Media & Technology shares are trading lower possibly amid the expiration of the lockup period that prevents large shareholders, such as Donald Trump, from selling stocks. Also, Donald Trump rejected a second debate with Vice President Harris.
Portfolio Pulse from Benzinga Newsdesk
Trump Media & Technology shares are declining, potentially due to the expiration of a lockup period that restricts major shareholders, including Donald Trump, from selling their stocks. Additionally, Trump has declined a second debate with Vice President Harris.
September 23, 2024 | 2:23 pm
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Trump Media & Technology shares are trading lower, likely due to the expiration of a lockup period that allows major shareholders, including Donald Trump, to sell their stocks.
The expiration of the lockup period allows large shareholders to sell their shares, which can increase the supply of shares in the market and potentially drive the price down. This is likely causing the current decline in Trump Media & Technology's stock price.
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