Trump Media & Technology Group Corp. (NASDAQ:DJT) shares continue to fall as the lockup period barring former President Donald Trump and some other investors from selling shares has expired.
The Details:
Trump has indicated on multiple occasions that he will not be selling his shares. Last week during a rally in California, the former President responded to an audience question about whether Trump would sell his stake.
"No, I'm not selling," Trump responded. "No, I love it."
Other investors who were subject to the 180-day lockup period may choose to sell shares, however. ARC Global, which owns around 13.1 million shares, registered shares for sale back in April.
Trump may be losing his edge in the Presidential race, as a slew of recent polls show former President Trump is falling behind Vice President Kamala Harris. A Morning Consult poll put Harris up by 6 points, while surveys from ABC News/Ipsos and Yahoo News/YouGov put Harris ahead by 4 points and 5 points, respectively.
Trump Media & Technology shares continue to slide Friday, extending the stock's losses to more than 20% over the past five days. According to data from Benzinga Pro, TMTG stock is down nearly 75% since its debut following a SPAC merger in March.
How To Buy DJT Stock:
By now you're likely curious about how to participate in the market for Trump Media & Technology Group – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, or Amazon.com, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
DJT Price Action: According to Benzinga Pro, Trump Media & Technology Group shares are down 4.49% at $14.05 at the time of publication Friday.
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