特朗普媒体科技集团的股价曾在上市后触及79.38美元的高点，交易员认为这是对特朗普将再度入主白宫的投机押注。然而，该股自触顶之后已大幅下跌，在特朗普失去了在民意调查中对民主党总统候选人哈里斯的领先地位后，该股在近几周加速下跌。Due to investors' concerns that insiders may sell stocks after the lock-up period, the stock price of Trump Media & Technology Group has fallen for four consecutive trading days this week, with a cumulative decline of over 18%.
Zhixun Finance APP learned that as the lock-up period for insiders (such as the major shareholder Trump holding 56.6% of the shares) to sell their holdings expired, the stock fell by 5.89% on Thursday, and fell by over 4% in pre-market trading on Friday. $Trump Media & Technology (DJT.US)$ It was learned from Zhixun Finance APP that as the lock-up period for insiders (such as the major shareholder Trump holding 56.6% of the shares) to sell their holdings expired, the stock fell by 5.89% on Thursday, and fell by over 4% in pre-market trading on Friday.
It is reported that the Trump Media Technology Group merged with one company.According to the terms of the company's initial public offering (the lock-up agreement), Trump and others who received stocks before the company went public are prohibited from selling any stocks for approximately 180 days.After the merger, it debuted on Nasdaq at the end of March. According to the terms of the company's initial public offering (lock-up agreement), Trump and others who received shares before the company went public are not allowed to sell any shares for approximately 180 days. This lock-up provision expired on September 19th on the Eastern Time.
The share price of the Trump Media Technology Group had reached a high of $79.38 after going public, with traders seeing this as a speculative bet on Trump returning to the White House. However, the stock has since declined significantly after reaching the peak. Following Trump's loss of the lead over Democratic presidential candidate Harris in recent polls, the stock has plunged in recent weeks. Due to investors' concerns that insiders will sell stocks after the lock-up period ends, the stock price of the Trump Media Technology Group has fallen for four consecutive trading days this week, accumulating a decline of over 18%.
Despite Trump's statement last week that he would not sell shares of this social media company, other insiders may soon sell their holdings in the Trump Media Technology Group to realize their profits. The main shareholders who may soon sell shares include United Atlantic Ventures and Patrick Orlando's fund ARC Global Investments, which together hold 11% of the Trump Media Technology Group.
Chief strategist Steve Sosnick of Interactive Brokers said: "Even if Trump does not do so, it would be interesting if other insiders start selling, as it would be a clue as to what they think Trump's attitude towards selling is."
According to a clause in the prospectus, if the stock of the Trump Media Technology Group ends the regular trading session at $12 or higher, insiders of the company can sell their shares as early as Thursday after the market opens.
Analysts say that the $3 billion market cap of the Trump Media Technology Group has nothing to do with its daily business, and is equivalent to more than 1000 times its revenue, far exceeding the valuation of chip giant Nvidia, whose market cap is 24 times its revenue.
Steve Sosnick said: "Even if only a portion of the shares are sold, the market will struggle to absorb without causing substantial damage to the stock." "In the end, much will depend on whether (Trump) keeps his promise not to sell, and the company's long-term prospects entirely depend on his election prospects."
Editor/Somer