Trump Media shares close nearly 10% lower as sell-off continues
Publishing timestamp: 2024-06-18 16:41:05
Summary
Shares of Trump Media & Technology Group fell nearly 10% following the conviction of former President Donald Trump, the company's majority shareholder. The stock has been on a steady decline since May 30 and the recent sell-off coincided with a deadline for investors to exercise stock warrants. The company also warned investors about the potential impact of disagreements with Trump over the use of the Truth Social network. Additionally, the company's financials showed a net loss of $327.6 million in the first quarter of the year.
Sentiment: NEGATIVE
Tickers: DJT, DJT?TAB=PEERS,
Keywords: breaking news: politics, crime, politics, elections, business news, breaking news: markets, donald trump, markets, trump media & technology group corp,