Donald Trump said he would not sell his Truth Social stock. But he technically can starting today.

Published On Sep 19, 2024, 11:11 AM

Donald Trump has the option to sell his shares in Trump Media & Technology Group (DJT) after six months of a lockup period that expired recently. Despite this, Trump has declared he has no intention of selling, citing a commitment to his platform, Truth Social. After a brief surge in DJT's stock following his announcement of not selling, the stock has seen a decline of over 10% in the past week, trading below $15 per share. Trump's stake in the company remains significant, amounting to about $2 billion at its current market cap of around $3.3 billion, but this is down from over $4.5 billion at the company’s peak.

Read full article

Stock Forecasts

DJTView DJT chart on TradingView

Negative

Given the volatile performance of DJT shares and the underlying issues faced by Truth Social, particularly with recent financial losses and stiff competition from established social media networks, investor sentiment might remain negative. Furthermore, with Trump's declining influence in the presidential race against Kamala Harris, the stock could continue to face pressure.

Related News

DJT stock extends gains as investors assess Elon Musk support, Harris media appearances

Oct 8, 2024, 2:46 PM

Shares of Trump Media & Technology Group surged double digits on Monday after Elon Musk made a surprise appearance at Donald Trump's rally in Butler, Pa., over the weekend.

DJT

DJT stock surges following Elon Musk cameo at Trump rally

Oct 7, 2024, 12:13 PM

Shares of Trump Media & Technology Group surged double digits on Monday after Elon Musk made a surprise appearance at Donald Trump's rally in Butler, Pennsylvania over the weekend.

DJT

DJT stock plummets to new lows after lockup period expires

Sep 23, 2024, 1:48 PM

Trump maintains a roughly 60% stake in Trump Media & Technology Group, which trades on the Nasdaq under the ticker symbol "DJT."

DJT