Shares of Trump Media fell Monday to their lowest price since 2021, after Donald Trump and other insiders were cleared to sell their stakes in the Truth Social operator. DJT stock closed at over $12 per share, marking six straight days of decline and an 85% drop from its March debut. The stock’s slide continues after the company’s market capitalization shrank from $10 billion in March to under $2.5 billion. Trump owns 57% of the company, with his stake now worth $1.4 billion.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:03Shares of Trump Media fell Monday to their lowest price since 2021 after Donald Trump
00:07and other insiders were cleared to sell their stakes in the true social operator.
00:12DJT's stock closed at over $12 per share, marking six straight days of decline and an
00:1785% drop from its March debut.
00:20The stock slide continues after the company's market capitalization shrank from $10 billion
00:25in March to under $2.5 billion.
00:28Trump owns 50% of the company, with his stake now worth $1.4 billion.
00:32For all things money, visit Benzinga.com.