Reported 21 days ago
Shares of Donald Trump's media company fell for the second consecutive day as restrictions on stock sales by insiders, including Trump himself, are set to expire. The Trump Media & Technology Group saw its shares drop 3.6%, accumulating a weekly loss of 7%. Despite a brief surge last Friday following Trump's announcement that he would not sell his $1.9 billion stake, investor concerns about a potential flood of shares into the market with the end of the lock-up period are driving prices down. As of now, the company's market cap is approximately $3.3 billion, significantly down from its peak.
Source: YAHOO