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After the insider selling ban expired, Trump Media's stock price fell to a new low

2024-09-24 11:20:25

ChainCatcher News, former U.S. President Trump's media company's stock price fell more than 5% on Monday, hitting a new low, continuing its recent downward trend after the expiration of insider trading restrictions. Trump Media & Technology Group has seen its stock decline for six consecutive trading days, with a market value dropping to $2.5 billion, of which 57% is owned by the Republican presidential candidate. The company operates the Truth Social app, and its stock price fell to $12.56 (the lowest price since its listing in March) before closing at $12.76. Since the lifting of the insider selling restrictions on Thursday, the company's stock price has dropped about 13%.

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