Short selling of DJT stock has risen ahead of the lockup expiration on insider sales on Friday.
While former U.S. President Donald Trump has said he will not sell his $1.7 billion stake in Trump Media after restrictions likely expire on Thursday, other insiders could soon cash in their gains.
Search for "Trump Media stock" and a flood of negative articles appear. The writers see little hope, and many say Donald Trump is going to sell despite his press conference assurance to hold his 115 million shares.
A media company that Ex-President Donald Trump co-founded passed its lockup expiration on Thursday.
Shares of Trump Media fell at the opening bell.
Trump and other insider investors will be able to sell shares as a lock-up period expires.
Yes, Trump Media stock has serious negatives. The top issue is the expected selloff when the "great unlocking" (of currently unsalable shares) occurs this Friday (Sept.
Shares of Truth Social owner Trump Media ended the day at new lows on the eve of the expiration of "lockup" restrictions, which bar company insiders like majority shareholder Donald Trump from selling their stakes. Shares fell 3.22% to close the trading day at $15.62 a share.
Trump Media's stock has been mostly trending lower since mid-July.
After getting a bump last week, shares of Trump Media and Technology Group (Nasdaq: DJT) are falling once again, nearing the lowest point since the parent company of Trump's Truth Social platform went public via a special purpose acquisition company (SPAC) merger in March.
Shares of Trump Media closed down 6.6% Tuesday, 48 hours before the end of restrictions barring its majority shareholder, Donald Trump, and other company insiders from selling their stakes. Trump on Friday said he will not sell his 114,750,000 shares of the Truth Social owner.
For all the debate about just how rich former President Donald Trump is, one thing is clear: His ownership stake in Trump Media & Technology Group makes him a billionaire.The company behind the Truth Social platform is worth more than $3.5 billion on Wall Street, and Trump owns more than half of it. So far, Trump and other insiders in the company known as TMTG have been unable to cash in because a “lock-up agreement” has prevented them from selling any of their shares since TMTG began trading publicly in March.Trump's lock-up deal looks set to expire later this week.