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

The Ultimate Dividend Stock to Buy With $1,000 Right Now

This Dividend King has an appealing 4.7% dividend yield. In growth-driven stock markets, it’s easy to forget the benefits of tried-and-true dividend stocks. But those benefits are on full display this year. 2026 has been a noticeable step change from 2025, as investors gravitate toward value-oriented sectors like consumer staples, energy, materials, and industrials amid

Artificial intelligence is a stock market blessing. It’s also a curse.

Listen & Subscribe Choose your preferred player: For questions about subscriptions or your Slate Plus feed, check our FAQ. Please enable javascript to get your Slate Plus feeds. Get Your Slate Plus Podcast If you can’t access your feeds, please contact customer support. Thanks! Check your phone for a link to finish setting up your

Is Pfizer Stock the Only Big Pharma Name I’d Buy and Hold Through Any Market Crash?

New products are already generating growth. Pfizer (PFE 1.86%) is the name behind one of the world’s top-selling products: the coronavirus vaccine. It brought in more than $37 billion at its peak in 2022 and helped the company achieve $100 billion in annual revenue. Since that time, demand for coronavirus vaccines has declined, and Pfizer

SK Hynix jumps on BlackRock’s 5% stake disclosure, lifts Kospi above 5,800

SK Hynix Inc., the second-largest company by market value on South Korea’s main exchange, surged Friday after BlackRock Inc., the world’s largest asset manager, disclosed a 5% stake in the chipmaker, helping lift the Kospi index above 5,800 for the first time. SK Hynix rose 6.2% to 949,000 won ($656.29), surpassing its previous intraday high

Investors pour record sums into European stocks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global investors are pouring record sums into European equities, as a desire to reduce exposure to the US meets growing optimism over the state of the region’s economy.  European stocks are headed for their highest

Want Decades of Passive Income? 2 Stocks to Buy Now and Hold Forever.

Some investors are in the market to achieve outsize returns. This might push them to earlier-stage and higher-risk companies. On the other end of the spectrum are investors who want the businesses that they own to write them a check every quarter. They might not necessarily care about outperforming the broader stock market over the

US Stock Market Could Be Losing Edge to International Stocks, 2 Stats Show

Global markets’ pecking order could be shifting. That’s the fear being voiced by more investors in recent months as doubts swirl around American exceptionalism — the idea that investors can expect better returns on US assets relative to international markets. The US’s dominance in global markets has been the historical precedent, but talk about America losing its

Microsoft or Alphabet: Which Stock Is More Likely to Be a Millionaire Maker?

One of these companies’ services appears to be losing relevance. The other seems to be gaining it. There’s no doubt that both Microsoft (MSFT 0.09%) and Alphabet (GOOG 0.18%) (GOOGL 0.20%) have turned plenty of investors into millionaires. But, for anyone that doesn’t own either one yet, which is the more likely stock to do

2 AI Stocks to Buy Before They Soar 37% and 108%, According to Wall Street Analysts

Artificial intelligence (AI) stocks have been big winners on the stock market in recent years, which isn’t surprising, as the fast-growing adoption of this technology has accelerated the growth of several companies. The good news is that AI adoption isn’t going to slow down anytime soon. According to one estimate, the global AI market could

Why Lemonade Stock Jumped and Crashed Today

Shares of Lemonade (NYSE: LMND) started Thursday’s trading on a sweet note, opening the day 13.9% above Wednesday’s closing price. But the buzz didn’t last long. 90 minutes later, Lemonade was down 6.8% instead. As of this writing at 12:35 p.m. ET, the stock had settled at a 5.5% price drop. The chief reason for

Why EPAM Systems Stock Just Crashed

EPAM’s sell-off today looks like a buying opportunity. IT consultant EPAM Systems (EPAM 17.01%) stock tumbled 18.4% through 10 a.m. ET Thursday despite beating on both sales and earnings this morning. Heading into the company’s Q4 earnings report, analysts expected EPAM to earn $3.16 per share on sales just under $1.4 billion. EPAM actually earned

Exploring 3 High Growth Tech Stocks In The US Market

As the U.S. stock market kicks off February with a robust performance, highlighted by significant gains in major indices such as the Dow Jones Industrial Average and S&P 500, investors are closely watching the tech sector for potential high-growth opportunities. In this dynamic environment, identifying promising tech stocks involves considering factors like innovation, market demand,

Friday Could Be a Big Day for Markets

This Friday could see some significant movement in U.S. financial markets. That’s because on Friday morning, Feb. 20, at 8:30 a.m. ET, the Bureau of Economic Analysis (BEA) will publish the Fed’s preferred measure of inflation, the Personal Consumption Expenditure Price Index. It’s a data point well worth monitoring, because the Federal Reserve will be

The Smartest Growth Stock to Buy With $1,000 Right Now

Meta Platforms is still one of the market’s best growth plays. As the S&P 500 hovers near its all-time high, it might seem like a precarious time to invest in high-growth stocks. However, there’s one growth stock which I think is still worth buying in this frothy market: Meta Platforms (META +0.24%). Let’s see how

Why Coeur Mining Stock Popped Again Today

Coeur Mining (NYSE: CDE) stock jumped 7.7% through 11:15 a.m. ET Thursday after beating on Q4 earnings last night. Heading into the report, analysts forecast earnings of $0.32 per share on $617.1 million in sales. The gold mining company actually earned $0.34 per share and reported sales of $678.8 million. Where to invest $1,000 right

6 Top Investing Lessons From Stock-Market Pros

There are some investing tips that you hear over and over, but are light on specifics. Diversify your portfolio. Don’t let emotion — whether it be fear or greed — guide your decisions. Invest early and often to take advantage of compounding. But a new book of interviews with top investors from around the world

1 Top Oil Stock to Buy and Hold Through the End of the Decade

Oil continues to play a fundamental role in the global energy picture, and that’s unlikely to change anytime soon. For instance, British oil major BP estimates that global oil demand will now grow through 2030 due to relaxed efforts to curb carbon emissions. The Trump administration has famously supported domestic energy, and this should continue

Exploring 3 High Growth Tech Stocks in the US Market

As February begins, the U.S. stock market has shown strength with major indices like the Dow Jones and S&P 500 posting significant gains, signaling a positive start to the month despite ongoing economic uncertainties and geopolitical developments. In this environment, high-growth tech stocks in the U.S. market continue to attract attention for their potential to

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