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Trump Media & Technology Group Stock Plunges Ahead of Lockup Expiration and Presidential Election

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Trump Media & Technology Group Stock Chart

Shares of Trump Media & Technology Group (DJT) have experienced significant volatility in recent days, particularly as the company approaches a critical milestone. The stock price of DJT, which trades on the Nasdaq, dropped at the opening bell on Thursday, November 3, with the stock down 5% at the market open.

The decline is partly attributed to the impending expiration of a lockup agreement that has prevented former President Donald Trump and other early investors from selling their shares since the company went public in late March. Trump, who owns nearly 57% of DJT’s outstanding shares, has stated that he has no plans to sell his stake, but other company insiders may cash in once the restrictions are lifted.

The company’s stock performance is closely tied to Trump’s political fortunes, particularly with the presidential election scheduled for November 5. The stock has been on a wild ride, reflecting the volatile nature of its association with Trump’s campaign. On Wednesday, the stock closed 15% higher after a halt in trading earlier in the week.

As of the latest trading data, DJT’s stock price was around $30.56, down 13.53% from its previous close. The stock has seen a 56.4% decrease since January 1, 2024, and is currently trading within a 52-week range of $11.75 to $79.38.

Options traders are closely watching the stock due to its high volatility, which presents both significant risks and potential rewards. The stock’s movements are often driven by market sentiment and Trump’s public activities rather than traditional financial metrics.

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