Summary
The expiration of a lock-up period for Trump Media & Technology Group’s stock, trading under the ticker “DJT,” has led to significant sell-offs by major investors, notably United Atlantic Ventures, which sold over 7.5 million shares. This mass divestiture has contributed to a sharp decline in the stock’s value, which has plummeted by 82% since its peak in March 2024.
Following the lock-up expiration on September 20, 2024, DJT shares experienced a trading frenzy that saw the stock value drop drastically, hitting a record low of $11.75 by September 24. The sell-off was not limited to institutional investors; it also raised concerns about the overall stability of the company, which is primarily known for its Truth Social platform. Despite some recovery in stock price to $14.13, the volatility has drawn comparisons to meme stocks, indicating a potential disconnect between the company’s financial fundamentals and its market valuation. Donald Trump, as the largest shareholder with about 60% of the stock, has vowed not to sell his shares, but the overall financial health of Trump Media remains in question amid declining revenues and significant losses.
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Nov. 5 / Cbs News / Explores Trump's fluctuating net worth and the impact of DJT stock on his wealth. It offers a comprehensive view of his financial landscape, including assets and liabilities, enriching the context of the stock's performance. “ Donald Trump may have joined the ranks of America's richest people through his real estate holdings, from golf courses to hotels, but it's his stake in the...
A top DJT investor says it has sold most of its shares in Trump Media
Sep. 26 / Cbs News / Delves into the specifics of United Atlantic Ventures' massive sell-off, linking it to internal conflicts within Trump Media. The regulatory filing details add depth, revealing the stakes and tensions among key players. “ One of the biggest investors in Trump Media & Technology Group has sold more than 7.5 million shares in former President Donald Trump's Truth Social service,...
Sep. 24 / Google News / Examines the paradox of Trump Media's stock crash against positive polling for Trump’s campaign. This juxtaposition provides a nuanced perspective on the company's volatile market position amid political developments. “ Trump Media shares crash to record low even as new polls gives ex-president’s campaign a boost Yahoo FinanceTrump Media looks to snap sell-off amid DJT...
Trump Media looks to snap sell-off amid DJT post-lockup trading frenzy - CNBC
Sep. 24 / Google News / Highlights the rapid decline of DJT stock post-lockup expiration, providing a clear timeline of events. Offers insights into market reactions, making it a strong summary of the current financial turmoil surrounding Trump Media. “ Trump Media looks to snap sell-off amid DJT post-lockup trading frenzy CNBCDJT stock plummets to new lows after lockup period expires Yahoo FinanceTrump...