Trump’s DJT Stock Ban Could Lift Today as He Holds Firm
- Trump's stock in Trump Media & Technology Group is currently trading at approximately $14.80, exceeding the $12 threshold needed to unlock his shares.
- The lock-up period preventing Trump from selling his shares is set to expire if the stock remains above the required price by Thursday's market close.
- Despite the potential to sell, Trump has publicly stated he has no intention of divesting his holdings in the company.
On September 19, 2024, shares of Trump Media & Technology Group, the parent company of Truth Social, are trading at around $14.80, which is significantly above the $12 threshold necessary to unlock former President Donald Trump's stock holdings. The expiration of the lock-up period is contingent on the stock maintaining this price through Thursday's market close. If successful, this would allow Trump to sell his shares for the first time since the company's public listing. Trump owns approximately 60% of the shares in Trump Media, and the company has outlined specific conditions under which the lock-up period would conclude. These include the stock trading above $12 for a certain number of trading sessions or a significant corporate transaction. The earliest Trump could sell his shares is at the close of the market on Thursday, September 21, 2024. Despite the potential for a lucrative sale, Trump has publicly declared that he has no plans to sell his stock, stating, "I love it." This sentiment reflects his ongoing commitment to the company and its future, even as the stock has seen a decline in value from earlier highs. The market value of Trump Media has dropped significantly, from nearly $10 billion in May to about $3.2 billion recently, raising questions about the company's valuation and future prospects. Analysts suggest that the company may be overvalued, given its recent financial performance, which included a substantial loss.