DJT stock plummets to new lows after lockup period expires

Published On Sep 23, 2024, 1:48 PM

Shares of Trump Media & Technology Group (DJT) have dropped over 6% to their lowest point since going public, following the expiration of a lock-up period that prevented major stakeholders, including former President Donald Trump, from selling their shares. The lock-up period ended last week, which allowed significant selling pressure on the stock. While Trump has stated he will not sell his shares, market reactions have driven DJT down approximately 15% since the end of the lock-up. Trump's stake in the company, once valued at over $4.5 billion, is now worth around $1.5 billion due to the stock's significant decline. Overall, DJT shares have fallen about 65% since the company went public, reflecting ongoing volatility linked to its financial performance and Trump's personal legal issues.