Too funny, even Investopedia is pilling on OrangeMan hehe Trump Media & Technology's Stock Can't Stop Falling (msn.com) Investopedia 7.4K Followers Trump Media & Technology's Stock Can't Stop Falling Story by David Marino-Nachison • 32m • 1 min read In this article DJTDropping fast Hannah Beier / Bloomberg via Getty Images Key Takeaways Shares of Truth Social's parent company, majority owned by former President Donald Trump, extended their retreat Friday. Investors are digesting the possibility that Trump or other investors who were previously prohibited from selling shares could soon begin doing so. Trump last week said, "I'm not going to sell my shares." The rough week for shares of Truth Social's parent company continued Friday. Shares of Trump Media & Technology (DJT), the company majority-owned by former President Donald Trump, were recently down more than 3%, trading around $14.25 per share after finishing last week near $18. Lock-Up Agreements Expired The stock is falling as investors digest the possibility that Trump or other company insiders and investors could begin selling shares following the expiration of lock-up agreements that prohibited them from doing so. Trump in an interview last week said, "I'm not going to sell my shares." Selling by major shareholders would likely exert further downward pressure on a stock that earlier this year changed hands at around $70, soaring shortly after Truth Social's then-parent merged with a blank-check company. The expiration of the lock-up agreements could also "facilitate increased short selling in the stock," according to a Thursday note from S3 Partners. Trump Media was as of Thursday the worst-performing stock in the Russell 1000 since Aug. 5, according to Bespoke Investment Group. The index, which represents the largest 1,000 U.S. companies by market capitalization, has broadly risen during that time. Read the original article on Investopedia.
I thought I read somewhere the shares need to be above 12, for the orange one to be able to sell. Anyone can confirm?
“…Under U.S. Securities law, insiders who sell stock are required to file a Form 4 disclosure within two business days - which would be end of day on Tuesday, Sept. 24, for any insiders who sold stock on that day. Republican presidential nominee Donald Trump is the largest shareholder in Trump Media, with 114.75 million shares, or 57% of the company's outstanding stock. Earlier this month, Trump said he didn't plan to sell any of his shares of Trump Media & Technology...” Marketwatch
Now 12.15 support 12.50 Fear not, even though the SUPPORT has been breached. Trump can easily fire the DJT top guy.
not a confirmation but generally speaking, spac acquisition deal has inital $10 par, even he doesn't have to put lot of money to buy into the deal. but i'd imagine just like any deals, there is a strike price for executive compensations / stock grants, 12 is not very far off. for example, take a look of LUNRW, a warrant expires in 2018, the strike price is $12 if i remember correctly.