Trump Media stock plummets after company files to issue millions more shares

Date:

Trump Media & Technology Group’s (TMTG) stock price plunged by more than 15% on Monday after the parent company of former President Donald Trump’s Truth Social platform filed to sell millions more shares.

TMTG, which trades on the Nasdaq under the symbol “DJT,” said in an SEC filing it could issue an additional 21.5 million shares in the coming months.

Ticker Security Last Change Change %
DJT TRUMP MEDIA & TECHNOLOGY GROUP CORP 27.58 -5.01 -15.37%

Trump Media & Technology Group

This is a developing story that will be updated.

Read the full article here

spot_img

Share post:

Subscribe to our newsletter

To be updated with all the latest news, offers and special announcements.

Popular

More like this
Related

When the West Was Young

I’m a big fan of the Western genre, especially...

GOP lawmakers hit with 'gut punch' as red state's Dem governor ekes out win in transgender bill battle

Kansas Republicans failed Monday evening to override Democratic...

Supreme Court to hear another major veterans benefits case this fall

The Supreme Court this fall will review the legal...