Trump Media stock erases all gains since it began trading as DJT shares fall again - eviltoast
And many traders are betting that the stock price will continue to fall further.

And many traders are betting that the stock price will continue to fall further.

Shares of Trump Media have erased all their gains since they began trading under the ticker DJT last month.

The stock closed down more than 8% Monday at $37.17 after falling about 11% earlier in the day. It had traded above $79 a share on March 26, the day of its debut.

But experts say it’s hard to draw any firm conclusions about what the stock price’s movement means. That’s because so many available shares — about 12%, one of the highest ratios of any active stock listing — reflect traders’ bets that the stock will fall, said Ihor Dusaniwsky, managing director at S3 Partners, a data and predictive analytics company.

This is called short-selling.

  • the_wise_wolf@feddit.de
    6·
    7 months ago

    I just looked it up. He has a 6 months lock-in period. CNN article

    Btw. this was not an IPO, but a reverse-merger using a SPAC. That way the company going public doesn’t have to adhere to the SEC’s strict IPO regulations.