Trump Media Stock Plummets Ahead of Expiry Date on Share Selling Permission
The stock of Trump Media has taken a nosedive as the lockup expiration date looms closer, granting the former president permission to offload shares.
The anticipation around the lockup expiration for Trump Media has resulted in a significant drop in the company's stock value. With the upcoming clearance that will allow the former president to sell shares, investors seem to be reacting nervously to the potential impact on the market.
Despite initial excitement surrounding the launch of Trump Media, the looming expiry date has sparked concerns among shareholders. The possibility of a substantial number of shares hitting the market has fueled uncertainty, leading to the stock price plummet.
Market analysts are closely monitoring the situation, speculating on the potential outcomes once the former president gains the freedom to sell his shares. The impending lockup expiration has undoubtedly introduced a new level of volatility to Trump Media's already turbulent journey in the market.