DJT Stock Soars as Trump Affirms He Won't Sell Shares
DJT Stock Hits New Highs
On Friday, DJT stock saw an impressive surge after Donald Trump declared, “No, I’m not selling. No, I love it.” This announcement came during a press conference where Trump addressed concerns about his potential exit from the company.
Market Reactions
Following Trump's remarks, Trump Media's stock jumped 25% before trading was temporarily paused for volatility. The closing price above $12 will allow Trump and other insiders to sell shares once lock-up restrictions are lifted on September 19.
- Trump is the dominant shareholder, owning 57% of the company.
- His stake was valued at $1.8 billion.
- Concerns about Trump's performance and poll indications may affect the stock.
Future Outlook
While his statements have reassured investors temporarily, concerns remain about how much stock Trump can sell without impacting the share price significantly. Investors will be closely watching the dynamics as the lock-up expiry approaches.
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.