Trump Media Shares Hit New Low Post Lock-Up Expiration

Reported 18 days ago

Shares of Trump Media & Technology Group fell nearly 8%, reaching a new low of $13.55, following the expiration of restrictions on insider sales. The company's market cap now stands at $2.7 billion, significantly down from its peak of nearly $10 billion at market debut. The significant selling activity, primarily due to major stakeholders, raises concerns about increased short selling and further declines in the stock's value.

Source: YAHOO

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