As the threat of insider sales continues to hang over investors, shares of Trump Media (Nasdaq:DJT) once again tumbled to new lows on Friday, falling another 10% Monday to hit $12.15 a share, its lowest point as a public company.
Trump Media shares rose after a series of sharp declines. DJT stock had fallen sharply around the time lockup agreements expired, allowing company insiders including majority-owner Donald Trump to start selling their shares.
There does seem to be some respite for investors in Donald Trump's media company after the stock fell 10% on Monday after insider selling restrictions expired. Ahead of the bell, shares in Trump Media & Technology Group Corp (NASDAQ:DJT), 57% owned by the former US president, were marked 1% higher.
Shares have declined sharply since the social media company went public in March.
Shortly after the expiration of a six-month lockup period on the stocks of Donald Trump's social media company, Trump Media & Technology Group (NASDAQ: DJT), meaning he can now sell them, their price has resumed its decline and is threatening to enter the single-digit territory if it continues.
The social media entity hit an important milestone late last week. The lock-up period for its stock expired.
Shares of Trump Media hit their lowest level in over a year on Monday, following the expiration of a lockup agreement that had restricted the sale of shares by majority owner Donald Trump and other company insiders.
Shares of former U.S. President Donald Trump's media company tumbled over 5% to a new low on Monday, extending recent losses after restrictions on insider selling expired.
Shares of Trump Media sank to their lowest price in over a year. The stock, which trades as DJT on the Nasdaq, dropped more than 6% at the market open.
U.S. Securities law requires a Form 4 filing within two business days of an insider stock sale.
Shares of Trump Media & Technology Group Corp. (ticker: DJT) are trading lower in premarket this morning after the lockup period that prevented former president Donald Trump and other early investors from selling their shares expired.
The rough week for shares of Truth Social's parent company continued Friday.