Trump Media & Technology (DJT) fell Friday to a record low, as selling restrictions on former President Donald Trump and other insiders ended.
On Sept. 13, Donald Trump posted on Trump Media’s Truth Social that he wouldn’t sell DJT stock when the lockup expired. That lifted shares by 12% that day, but the selling quickly resumed. Trump owns a majority of DJT stock.
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DJT Stock
Trump Media stock tumbled to a record low of 13.50, paring losses to down 3.5% at 14.19. DJT stock began trading on March 26, as Trump Media came public via a SPAC merger with Digital World Acquisition. Even including the pre-SPAC DWAC trading, Trump Media is on track to be the lowest in more than a year.
Trump Media has scant revenue, reporting roughly $800,000 in each of the last three quarters, along with ongoing losses.
DJT stock has traded at times as a sentiment indicator about Donald Trump’s political campaign.
DJT stock hit a recent high of 46.27 on July 12, just after the first Trump assassination attempt, with the former president showing a commanding lead over President Biden, who later dropped out in favor of Vice President Kamala Harris.
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