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，自3月底上市以来，特朗普媒体科技集团的股价已经下跌了近85%。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，再加上投资者担心内部人士会在禁售期结束后抛售股票，该股在近期加速下跌。On Monday, the stock price of the Trump Media Technology Group fell to its lowest level since 2021, with the stock closing down 10.33% at $12.15 per share, marking the sixth consecutive trading day of decline.
According to the Capital Today Finance APP, as the 'lock-up period' for insiders of the Trump Media Technology Group (DJT.US), such as major shareholder Trump holding 56.6% of the shares, expired on September 19, the stock continued to fall. On Monday, the stock price of the Trump Media Technology Group fell to its lowest level since 2021, with the stock closing down 10.33% at $12.15 per share, marking the sixth consecutive trading day of decline.
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 stock price of Trump Media Technology Group once reached a high of $79.38 after its IPO, with traders considering it a speculative bet on Trump returning to the White House. However, since its listing at the end of March, the stock price of Trump Media Technology Group has dropped by nearly 85%. Following Trump's loss of the lead over Democratic presidential candidate Harris in opinion polls, along with investors' concerns that insiders may sell off shares after the lock-up period, the stock has seen a rapid decline in recent days.
Despite Trump's previous statement that he would not sell his shares in this social media company, other insiders may soon sell off their holdings of Trump Media Technology Group to realize their profits. Other major shareholders who may sell off their shares soon include United Atlantic Ventures and the fund ARC Global Investments under Patrick Orlando, who together hold 11% of Trump Media Technology Group's shares.
After the lifting of the sales ban, the trading volume of Trump Media Technology Group's stocks has significantly increased. Last Thursday, there were over 14 million shares traded, while last Friday saw over 22 million shares traded, far exceeding the 30-day average volume of about 8.3 million shares. On Monday, there were over 18.3 million shares traded.
When asked about their recent stock price trends, a spokesperson for Trump Media Technology Group said: "At the end of the last quarter, Trump Media Technology Group had $0.344 billion in cash and cash equivalents, zero debt, and launched an in-app streaming platform on our custom content delivery network." "With further innovation plans on the horizon, Trump Media Technology Group remains optimistic about its growth strategy."
Some strategists have stated that Trump Media Technology Group's nearly $3 billion market cap is unrelated to its daily business operations. Its market cap is equivalent to over 1000 times its revenue, far exceeding the valuation of chip giant Nvidia (NVDA.US), whose market cap is 24 times its revenue.
Interactive Brokers' Chief Global Strategy Officer, Steve Sosnick, said: "Even if some shares are being sold, the market may not be able to digest it without causing substantial damage to the stock." "Ultimately, much will depend on (Trump) keeping his promise not to sell, and the company's long-term prospects are entirely tied to his electoral prospects."