Trump’s Stance on Truth Social Stock: Will He Hold or Sell

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