What's Going On With Trump Media & Technology Stock?
Portfolio Pulse from Erica Kollmann
Trump Media & Technology Group Corp. (NASDAQ:DJT) shares are trading lower due to the expiration of a lockup period, allowing large shareholders to sell shares. Despite Trump's decision not to sell his shares, the stock has fallen over 25% and is trading below its 50-day moving average.
September 23, 2024 | 5:57 pm
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Trump Media & Technology Group shares have dropped significantly following the expiration of a lockup period, allowing large shareholders to sell. The stock is trading well below its 50-day moving average, indicating potential bearish sentiment.
The expiration of the lockup period allows large shareholders to sell, increasing supply and potentially driving the price down. The stock's significant drop and trading below the 50-day moving average suggest bearish sentiment.
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