TMTG is still ridiculously valued after its more than 90% decline. The company doesn't report key growth metrics, and it barely generates any revenue.
The lockup period preventing insiders from selling Trump Media stock expired recently. The stock has not been hit with big waves of insider selling.
Shares of former U.S. President Donald Trump's media company sprang back over 6% on Wednesday, rebounding from all-time lows after restrictions on insider selling expired last week.
Trump Media & Technology (DJT) stock has shown a bit of bounce this week.
Shares of Trump Media, the company majority owned by Donald Trump, rose for a second straight day.
Trump Media & Technology Group Inc.'s stock was up nearly 7% in premarket trading on Wednesday as a two-day deadline passed with no fresh filings from insiders selling stock.
Trump Media snapped a six-day losing streak Tuesday.
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.