Donald Trump made it clear that he has no plans to sell his stock in Trump Media & Technology Group (DJT). However, the opportunity to do so will be available starting Thursday, marking a significant shift since the company went public in March.
During a recent press conference, the former president expressed his love for the stock and emphasized its importance as a platform for sharing his message with the public.
Following this announcement, DJT shares experienced a notable increase in value. Despite this initial surge, the stock has since experienced a decline of over 10% in the past week, currently trading just below $15 as of early Thursday.
Investors, including Trump himself, have been under a six-month lockup period preventing them from selling or transferring their shares. With this lockup period set to expire on Thursday, there is anticipation surrounding potential actions that may be taken by stakeholders.
In late April, Trump was able to capitalize on a milestone reached by DJT which resulted in an additional $1.2 billion being added to his pockets. This development was highlighted by Yahoo Finance’s Ben Werschkul.
2024-09-19 10:11:43
Link from finance.yahoo.com