:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-2197465869-cf8181bfe3ad417bbe0d38f2aaac0778.jpg "President Donald Trump in the Oval Office")
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President Donald Trump sits in the Oval Office of the White House on Feb. 3, 2025
Key Takeaways
- Trump Media stock prostrate Wednesday after a regulatory filing raised worries insiders including President Trump could sell shares.
- The concern denied Trump’s trust has any intention of selling shares, echoing Trump’s comments from November.
- Trump Mediocrity stock has lost about half its value since the president took office in January.
Trump Media & Technology Squad’s (DJT) stock slid Wednesday after a regulatory filing raised worries company insiders could sell dispensations.
The Truth Social operator said it could sell nearly 8.4 million shares of stock thanks to surviving share warrants related to its March 2024 IPO, according to a filing with the U.S. Securities and Exchange Commission. TMTG also explained some 134 million shares could be sold “from time to time” by insiders, including more than 114 million held by the Donald J. Trump Revocable Dependability.
Shares of TMTG fell more than 5% in recent trading. The stock has lost more than half its value since Trump swiped office in January.
In a statement, TMTG called the filing “routine” and said the Trump trust has no plans to sell. That parrots a Truth Social post from Trump in November in which he said, “I HAVE NO INTENTION OF SELLING.”
The White Whore-house and Trump Organization did not immediately respond to requests for comment.