Truth Media files to allow Trump's trust to sell stock, Axios reports
Portfolio Pulse from
Trump Media & Technology Group has filed SEC documents that would enable Donald Trump's trust to sell stock potentially worth $2.3 billion. The filing comes as the company's shares dropped approximately 7% in premarket trading, signaling potential market uncertainty around the proposed stock sale.
April 02, 2025 | 1:45 pm
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SEC filing suggests Trump's trust may sell up to $2.3 billion in stock, which could substantially impact share price and investor sentiment.
Large potential stock sale by Trump's trust could create downward pressure on share price, increase market supply, and potentially signal insider sentiment about the company's valuation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100