Trump Media’s $5.3 billion selloff deepens as 270% rally fizzles

Trump Media & Technology Group Corp, the company that owns Truth Social, has submitted a registration statement for its shares, including those associated with warrants. This action could potentially accelerate insider sales, which are currently restricted until September. Following the announcement, the company's stock experienced a significant decline of 18%, closing at $26.61. Despite this setback, the stock still maintains a year-to-date gain of 52%.

Apr 16, 2024 - 17:30
 0
Trump Media’s $5.3 billion selloff deepens as 270% rally fizzles
Trump Media & Technology Group Corp, the company that owns Truth Social, has submitted a registration statement for its shares, including those associated with warrants. This action could potentially accelerate insider sales, which are currently restricted until September. Following the announcement, the company's stock experienced a significant decline of 18%, closing at $26.61. Despite this setback, the stock still maintains a year-to-date gain of 52%.

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