Published 09/20/2024 2:10:34 p.m.

Trump Media shares reach new low as lockup period set to expire

Shares of Donald Trump's majority-owned media company fell 4% as a six-month lockup period expired, continuing a six-day decline of over 10%.
The stock hit a new low of $14.56 per share amid concerns about early investors cashing out, despite Trump's assurance of not selling.
The lockup agreement began when Trump Media went public in March after merging with a shell company, leading to worries about stock sales.

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Associated Press News

Trump Media plummets to new low on the first trading day the former president can sell his shares

Shares of Trump Media have slumped to new lows on the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform.

09/20/2024 2:10:34 p.m.·United States

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Hindustan Times

Trump media plummets to new lows, ex-president can now sell shares of DJT

Shares of Trump Media tumbled almost 7% to $13.73, putting the value of the company at less than $3 billion. Trump owns more than half of it.

09/20/2024 2:34:16 p.m.·New Delhi, India

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abc News

Trump Media plummets to new low on the first trading day the former president can sell his shares

09/20/2024 2:10:34 p.m.·United States

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KIFI

Trump Media plummets to new lows on the first day the former president can sell his shares

AP Business Writer Shares of Trump Media & Technology Group Corp. slumped to their lowest level ever early Friday morning, the first day that the company’s biggest shareholder, former President Donald Trump, is free to sell his shares. Shares of Trump Media fell 6.6% to $13.73 in early trading after the opening bell. Until now, Trump and other insiders have been unable to cash in because a lock-up agreement has prevented them from selling any of…

09/20/2024 2:10:34 p.m.·Idaho Falls, United States

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Channel News Asia

Trump Media slides to new low as lock-up expires

:Shares of Trump Media & Technology Group fell 5 per cent on Friday as the Truth Social parent extended this week's steep selloff after a lock-up on insider sales expired.Shares of the $2.9 billion firm, which is 57 per cent owned by U.S. Republican candidate Donald Trump, have slumped about 18 per cent in th

09/20/2024 6:29:00 p.m.·Singapore

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CNBC

Trump Media closes at a new 52-week low, as Dow finishes week at record high

Shares of Trump Media fell to a new 52-week low Friday, closing down 7.82%, at $13.55 per share, just one day after “lockup” restrictions expired, which had previously prevented its majority shareholder, former President Donald Trump, and other early investors from selling their shares.

09/20/2024 2:51:53 p.m.·United States

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