Trump Media stock falls below $20 per share, a first since company went public
Publishing timestamp: 2024-08-28 16:08:50
Summary
Trump Media, majority-owned by Donald Trump, saw its stock fall below $20 per share for the first time since going public. Trump's stake is still worth over $2.2 billion, but the lock-up agreement on selling his stock is set to expire soon. The company's stock has been on a downward trend, and there are concerns about its financial performance and Trump's political circumstances. Investors are watching closely for any potential impact on the company's future.
Sentiment: MIXED
Tickers: DJT,
Keywords: business news, devin nunes, government and politics, kamala harris, trump media & technology group corp, elections, breaking news: politics, joe biden, donald trump, politics, stock markets,
Source: https://www.cnbc.com/2024/08/28/djt-trump-media-stock-falls-below-20-per-share-for-first-time.html