News: Trump Media Hits New 52-Week Low as Dow Jones Hits All-Time High
Trump Media's New Low and Rising Dow
The recent news about Trump Media saw shares drop to a startling new 52-week low of $13.55, a decrease of 7.82%. This fall occurred just after the expiration of lockup restrictions, raising concerns over potential sell-offs as insiders gain the ability to sell their shares.
Key Market Reactions
- Heavy Trading Volume: Nearly 20 million shares exchanged hands on Friday.
- Delayed Settling: The closing price was difficult to determine due to the # of trades.
- Market Sentiment: A perceived sell-off could further depress the share price.
Despite former President Trump's reassurance of holding his shares, this downturn extends DJT's alarming decline of over 20% throughout the week. The stock's decline can be traced back to its high of 25% increase after his public statement regarding the lockup expiration.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.