Shares of Trump Media & Technology Group fell significantly after an SEC filing revealed plans for a major stock sale, including Trump's own stake.
TMTG Stock Sale Plans
According to the SEC filing, over 142 million shares are planned for sale, including 114 million shares held in a trust controlled by Trump’s son. Other major shareholders, such as US Attorney General Pam Bondi and TMTG Chairman Devin Nunes, also intend to sell shares. Additionally, TMTG is issuing 8.4 million new shares to increase the available trading stock.
Factors Behind TMTG's Stock Decline
Shares, trading under the ticker DJT, have plunged over 44% amid concerns about Trump's new trade policies and potential economic impacts. The upcoming announcement of new tariffs is drawing attention to the markets, raising concerns about economic relations with US trading partners.
Prospects for TMTG Investors
Since its public debut through a SPAC merger, the stock remains popular among Trump supporters, though it continues to decline in value. Even with volatility, in October 2024, the company reported roughly 650,000 shareholders, mainly individual investors. TMTG recently became the first company to list on NYSE's new Texas platform.
Further stock sales could weaken market positions, causing concerns for current investors. TMTG continues to be a volatile investment amidst uncertainty.
