Shares of Trump Media (DJT) sank to their Lowest Price in over a year. DJT on Nasdaq, dropped more than 6% at the Market Open. The Slump worsened days after Company Insiders got the green light to start Selling theirSstakes in the Truth Social Parent. The Stock dropped its Sixth straight day of Declines.
Trump Media's Share Price has fallen by more than 80% since the Company surged in its Public Trading Debut in late March. The Stock as of Monday morning was at its Lowest Intraday level since July 2023.
The Company's Market Capitalization, which crossed $10 billion in March, has now shrunk to about $2.5 billion. Trump owns nearly 57% of the Company's outstanding Shares, which as of Monday Morning at 10:30 a.m. ET was worth less than $1.5 billion.
Trump and other Company Insiders have been 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. As of now, Trump said He would not Sell.
Trading Volume accelerated significantly as the Lockup lifted. More than 14 million shares changed hands on Thursday, and nearly 22 million were exchanged Friday, far exceeding the 30-day average Volume of around 8.3 million Shares. Within the First 90 minutes of Trading Monday, Traders swapped about 7 million Shares.
Trump, had mainy Truth Social Users and many Retail Investors invest in the Company. Other Early Investors include ARC Global, a Sponsor of the Blank-Check Firm that took Trump Media Public, and United Atlantic Ventures (UAV), an Entity controlled by Two Former Contestants on Trump's Reality Show "The Apprentice."
ARC and UAV owned nearly 11% of outstanding DJT Shares, Trump Media said in a Regulatory Filing in early September. But ARC's Stake increased, after a Delaware Judge Ruled on Sept. 16th, that Trump Media Breached an Agreement with the Sponsor and it now Owes More Stock.
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