What to Know About Trump Media Stock and Shareholders as Lockup Expires

Published On Sep 19, 2024, 11:03 AM

The stock of Trump Media & Technology Group has dropped 4% as a lockup agreement on shares held by major investors, including former President Donald Trump, is set to expire. While Trump, who owns 115 million shares worth about $1.8 billion, has stated he will not sell his shares, other large investors with more than 20 million shares could begin selling, which could further depress the stock price. Currently, Trump Media's shares are down over 76% from their high after the merger with a public shell company six months ago.