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.
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.