Trump Media stock scrapes new 52-week low in heavy trading after DJT lockup lifts
Trump Media stock scrapes new 52-week low in heavy trading after DJT lockup lifts
Donald Trump is the majority owner of Trump Media, which owns social media platform Truth Social and trades as DJT on the Nasdaq.
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Trump and other company insiders were bound by lockup agreements that barred them from selling their shares in the initial months after Trump Media went public.
Those restrictions expired at the closing bell Thursday.
I bet he won't sell on Friday, which will lead to people having faith that Trump will stand by his word for once, the stock will go up a little, Monday he sells it all.
He’ll get screwed by the SEC if he sells after saying he won’t. He’s gotta wait at least a few weeks now.
His fellow shareholders don’t need to though, and I’m gonna laugh soooo hard if Trump ends up being the one left holding the bag.
He’ll get screwed by the SEC if he sells after saying he won’t.
Oh, this is the thing he'll actually face consequences for?
with shit like this, don't you have to publicly declare intent to sell? there are forms and shit
I think you’re right, since he had such a large stake.
Pretty sure you can’t publicly state intent to not sell, which pumps the price, then sell. Which is what he’d be doing and run afoul of laws against pump and dumping (stock price manipulation).
Minority share holders have a right for protection against things like unreasonable compensation or personal benefits of bigger share holders. They can take him to court if he infringes their rights.