Trump Media shares fall to new low after insider selling ban expires
Shares of former U.S. President Donald Trump's media company fell more than 5 per cent to a new low on Monday, extending recent declines following the expiration of insider trading restrictions. Trump Media Technology Group, which is 57 per cent owned by the Republican presidential nominee, fell for the sixth consecutive session, dropping its market capitalisation to $2.5 billion. Shares of the company, which operates the Truth Social app, last settled at $12.76 after falling to $12.56, its lowest price since going public in March. The company's shares have fallen about 13% since insider selling restrictions were lifted on Thursday. ,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Global economy risks fragmentation! Australia bets on AI as a new growth engine
In a potentially more fragmented and unpredictable global economy over the next 40 years, Australia relies on the deployment and development of artificial intelligence (AI) to drive economic growth.
Europe’s aviation fuel “red alert” in the fourth quarter: Shortfall will reach 510,000 barrels/day, South Korea’s exports surge to a four-year high to urgently fill the gap
According to analysts and shipping data, Europe will face a supply gap for aviation fuel in the fourth quarter, even as it turns to distant suppliers such as South Korea. South Korea's aviation fuel exports to Europe in September are set to reach a four-year high.
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
Crypto prices
More
