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.
Trump Media & Technology Group Corp.'s stock dropped to its lowest level since it went public in March Friday, as a ban on stock sales lifted.
Shares of Donald Trump's media company fell to a new low on Friday morning as a ban on insiders selling their shares expired, extending this week's sharp losses. Restrictions on insider sales of Trump Media & Technology Group Corp (NASDAQ:DJT) shares expired after Thursday's market close.
Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after lockup restrictions expired. Until now, the lockup provision had prevented TMTG's majority shareholder, former President Donald Trump, and other early investors from selling their shares.
Shares of Trump Media & Technology Group fell more than 5% in premarket trading on Friday, after a ban preventing former President Donald Trump from selling shares in the Truth Social parent firm expired, even as Trump said he would not sell his stake.