Trump Media Shares Regain Some Value After Plummeting 32%, Rebounds 5% Amid Insider Sale Fears

  • 2 days ago
Trump Media shares closed 5% higher Tuesday as the company sought to recover from a downward spiral linked to insiders gaining clearance to sell stock. Over 21 million shares were traded, more than twice the 30-day average of roughly 8 million. This follows six consecutive days of losses, with the stock plummeting 32%. Trump Media has seen an 84% decline from its nearly $79 peak since going public in March. Lockup agreements for early investors expired Thursday, sparking speculation about potential sell-offs.

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