Trump Media got approval to convert warrants to stock and that could lead to investors selling their shares. Insider sales also open in a few months, which could lead to the stock cratering again.
Shares of Trump Media & Technology Group (NASDAQ: DJT ) stock are once again in the red, bringing the company's loss during the past month to over 40%. CEO Devin Nunes believes that market manipulation, illegal naked short selling and the failure to deliver (FTD) shares have contributed to the decline.
Trump Media stock fell more than 6%, compounding a weekslong slide for former President Donald Trump's tech and media company. The latest move follows steep declines in trading sessions Thursday, when the stock fell nearly 15%, and Tuesday, when shares closed nearly 10% down.
The shares are down 41.6% on the month following Trump's historic conviction in his hush money trial.
Shares of Donald Trump-promoted media company Trump Media & Technology Group Corp. DJT plummeted nearly 15% on Thursday, underperforming the broader market. In the process, the stock extended the weakness it has been experiencing since the start of June in the current down cycle.
Trump Media & Technology Group (DJT) or TMTG shares tumbled over 14% Thursday after the Securities and Exchange Commission (SEC) declared the company's registration statement effective—which could flood the market with millions more Trump Media shares.
Shares of Trump Media & Technology Group Corp. continued to fall on Thursday, after regulators this week cleared former President Donald Trump's social-media platform to take steps that risked diluting shareholders.
Former President Donald Trump's net worth dropped about $475 million on Thursday as shares of Trump Media continue to slide, which has decreased the value of his stake in the social media company by more than $2 billion this month.
Shares of Donald Trump's media company Trump Media & Technology Group Corp DJT are falling Thursday with the company's recent share offering filing approved.
Trump Media (NASDAQ: DJT ) stock is falling on Thursday as the social media company's shares continue a recent decline alongside a filing with the Securities and Exchange Commission (SEC). The big news here is the SEC approving and declaring effective a registration statement.
Shares of Trump Media, the company behind Truth Social majority-owned by former President Donald Trump, were down more than 10% in premarket trading. Trump's 114,750,000 shares in the company, worth more than $5.6 billion at the beginning of the month, would be worth around $3.2 billion based on Thursday's moves before the bell.
The parent company of former President Donald Trump's Truth Social platform said it had been cleared to resell certain shares and warrants.