Trump Media free fall continues, as DJT stock slides 6%

Pavlo Gonchar | Lightrocket | Getty Images

Stock Chart IconStock chart icon

Trump Media & Technology Group Corp. Stock Price

Trump Media’s stock price has whipsawed since its public debut as retail investors and short sellers bought and sold the company tied to the controversial presumptive Republican presidential nominee.

But the trend over the last three weeks has been consistently negative: The stock has now lost more than half its value since May 30, when a New York jury convicted Trump on 34 felony counts of falsifying business records.

Read more CNBC politics coverage

It is not clear if the conviction itself triggered that decline — though the company in SEC filings has acknowledged that, “An adverse outcome in one or more of the ongoing legal proceedings in which President Donald J. Trump is involved could negatively impact TMTG and its Truth Social platform.”

Some analysts have attributed the stock slide to the Securities and Exchange Commission’s approval of Trump Media’s registration of additional shares.

The clearance by the SEC, revealed Tuesday after the bell, allows early investors in the company to resell certain shares and exercise stock warrants, threatening to dilute the stock price.

Truth Social has noted, however, that it could net up to $247 million if all the warrants are exercised for cash.

This is developing news. Please check back for updates.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Stoxx 600, FTSE, DAX, CAC, Iran news and oil prices

Vadimrysev | Istock | Getty Images LONDON — European stocks slumped on Thursday as the Iran war escalates following attacks on Iranian and Qatari energy infrastructure. Shortly after the opening bell, the U.K.’s FTSE index opened 1.15% lower, Germany’s DAX was down 1.4%, France’s CAC 40 was down 1% and Italy’s FTSE MIB was 1.2% lower.

Which Days of the Week Yield the Best and Worst Stock Market Returns? 98 Years of History Provide a Clear Answer.

Over the last century, the stock market has been the premier wealth creator. Despite nominal gains from bonds, commodities, and real estate, the average annual return of the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and technology-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC) tops all other asset classes. But this doesn’t mean

Did Powell Trigger A Taper Tantrum In The Stock Market Today?

The fog of war is back. Oil prices jumped today after Israel attacked Iran’s largest gas processing facility. Iran’s Revolutionary Guard threatened to strike oil facilities in Saudi Arabia, the United Arab Emirates, and Qatar. Qatar then reported that Iranian missile strikes had damaged a key liquefied natural gas export facility. Early this morning at

You can still find stocks to buy on tough days in the market

Oil spiking and hot inflation data shook Wednesday’s stock market, leaving investors with few places to hide. But there’s still room to nibble on select stocks, according to CNBC’s Jim Cramer. “If I didn’t own it, I would buy the stock of Nvidia,” Cramer said on “Mad Money,” explaining that the AI-leader and CNBC Investing

Stock Market Outlook: S&P 500 Could Drop 35% As Risks Build, Strategist Says

A Wall Street veteran says US stocks could be headed for a correction more painful than the market’s historic “Liberation Day” sell-off. Larry McDonald, the longtime strategist and famed former Lehman Brothers trader, said he sees the potential for the stock market to experience more downside over the medium term. He said that’s because of

The Market’s Top Risk Is Shifting From Inflation to Growth Slowdown

Inflation has been top of mind for investors amid surging oil prices, but Citadel Securities says it might be mostly priced in by now, while the risks to growth might still be underappreciated by markets. Loading audio narration… The firm turned more upbeat on Treasurys after the latest war-fueled rout. The 10-year Treasury yield edged

Nikkei 225, Kospi, Hang Seng Index

Low angle view of tall buildings in Tokyo, Japan, showcasing diverse architectural styles George Pachantouris | Moment | Getty Images South Korea’s Kospi led gains in Asia on Wednesday as investors assess Japan trade data and await U.S. Federal Reserve’s interest rate decision. Markets expect the Fed to keep interest rates steady at 3.5% to 3.75%

Decent Holding launches AI senior care arm in China

Artelo Biosciences targets $16.3B glaucoma market

Artelo Biosciences (NASDAQ: ARTL) is expanding into glaucoma with a fully funded investigator-sponsored trial evaluating ART27.13, with first patient enrollment expected in Q2 2026. The move diversifies the pipeline without shareholder dilution and leverages a peripherally selective CB2-targeting mechanism. Key milestones include ongoing Phase 2 CAReS data and a European

Hedge funds suffer worst losses since ‘liberation day’ on Iran war turmoil

A monitor displays stock market information on the floor of the New York Stock Exchange on April 4, 2025. Michael Nagle | Bloomberg | Getty Images Hedge funds are getting battered by the fallout from the escalating conflict with Iran, as a sharp spike in oil prices and a broad market selloff unravel crowded trades.

Below 40p, Aston Martin’s shares are sinking fast. How low could they go?

Image source: Getty Images Aston Martin’s (LSE:AML) share price is now (16 March) below 40p. It’s astonishing that the British icon, which floated its stock at £19 in October 2018, has lost so much value. However, could it recover? Or might the group’s shares fall further still? Let’s see. Some mistakenly believe that a falling

2 Unstoppable Tech Stocks to Buy Right Now for Less Than $1,000

Tech stocks have been the best place to find long-term winners over the last few decades. Artificial intelligence (AI) is the current catalyst that could fuel the sector’s growth over the next decade and beyond. You don’t need a huge sum to start building wealth. With $1,000 or less, you can still find competitively positioned

Stocks rising despite oil gains signals a new market message

CNBC’s Jim Cramer said Tuesday the stock market is flashing a notable shift, with equities climbing even as oil prices move higher. That’s a break from the typical relationship that has tied elevated energy costs to market weakness since the Iran war broke out. “We keep seeing new patterns,” Cramer said on “Mad Money” from

Stock Market Today (LIVE): Lululemon Downturn Sparks Board Clash

📌 Top story — scroll down for more updates Founder Pressure Meets Weak U.S. Sales 4:23 pm — LULU -0.40% today (-1.38% after hours) Lululemon Athletica (LULU 0.47%) added former Levi Strauss CEO Chip Bergh to its board as founder Chip Wilson ramps pressure for a broader shake-up. The move comes as the company grapples

Stock Market Today, March 17: Nebius Group Falls After Announcing $3.75 Billion Capital Raise

Today’s Change (-10.78%) $-13.99 Current Price $115.86 Key Data Points Market Cap $33B Day’s Range $113.13 – $121.40 52wk Range $18.31 – $141.10 Volume 2.9M Avg Vol 13M Gross Margin -765.63% Nebius Group (NBIS 10.78%), an AI-centric cloud platform infrastructure provider, closed at $116.25, down 10.47%. Shares declined after the company announced plans to raise

0
Would love your thoughts, please comment.x
()
x