Trump's Stock Takes a Hit as Lockup Expires

As the clock struck midnight, the restrictions on Trump's media stock finally came to an end. And just like that, the shares of DJT started plummeting. The stock price went down by over 7% in just a few hours, hitting a new 52-week low. This sudden drop has left many investors wondering what's behind this sudden sell-off. You see, when Trump Media went public, there was a special agreement in place that prevented the majority shareholder, Donald Trump himself, along with other early investors from selling their shares. This was to ensure that the company had a chance to establish itself before the big players started cashing in. But now that the lockup period has expired, the floodgates are open. Trump and his fellow investors can finally sell their shares, and many are wondering if this is what's causing the stock price to drop. The truth is, we won't know for sure until the Securities and Exchange Commission releases the public filings. The company itself has warned that the end of the lockup could bring about a massive sell-off. And even if it's not the insiders selling, the perception that they are could still drive the stock price down. It's a bit like a game of musical chairs, where everyone's scrambling to get out before the music stops.