Major Trump Media shareholder ARC Global unloads nearly all DJT stock
Portfolio Pulse from
ARC Global Investments II and manager Patrick Orlando have significantly reduced their holdings in Trump Media, now owning just 0.01% of DJT common stock, down from over 11 million shares.
November 15, 2024 | 6:00 pm
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NEGATIVE IMPACT
ARC Global Investments II and Patrick Orlando have reduced their stake in Trump Media to just 0.01%, potentially impacting DJT's stock price due to decreased investor confidence.
The significant reduction in holdings by a major shareholder like ARC Global can lead to decreased investor confidence, potentially causing downward pressure on DJT's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90