Trump Media & Technology (DJT) fell Friday to a record low, as selling restrictions on former President Donald Trump and other insiders ended.

On Sept. 13, Donald Trump posted on Trump Media’s Truth Social that he wouldn’t sell DJT stock when the lockup expired. That lifted shares by 12% that day, but the selling quickly resumed. Trump owns a majority of DJT stock.

↑
X

NOW PLAYING
Harris-Trump Debate: 4 Takeways For Investors

DJT Stock

Trump Media stock plunged 8% to 13.52, hitting a record low. Shares dived 24.6% for the week.

DJT stock began trading on March 26, as Trump Media came public via a SPAC merger with Digital World Acquisition. Even including the pre-SPAC DWAC trading, Trump Media set its lowest price in more than a year.

Trump Media has scant revenue, reporting roughly $800,000 in each of the last three quarters, along with ongoing losses.

DJT stock has traded at times as a sentiment indicator about Donald Trump’s political campaign.

DJT stock hit a recent high of 46.27 on July 12, just after the first Trump assassination attempt, with the former president showing a commanding lead over President Biden, who later dropped out in favor of Vice President Kamala Harris.

Please follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.

YOU MAY ALSO LIKE:

Why This IBD Tool Simplifies The Search For Top Stocks

Best Growth Stocks To Buy And Watch

IBD Digital: Unlock IBD’s Premium Stock Lists, Tools And Analysis Today

Here’s How Much Stocks Historically Rise On The First Fed Rate Cut.

Market Sends Clear Message; Three Magnificent 7 Stocks In Buy Areas