Trump Media shares closed 5% higher Tuesday as the company sought to recover from a downward spiral linked to insiders gaining clearance to sell stock. Over 21 million shares were traded, more than twice the 30-day average of roughly 8 million. This follows six consecutive days of losses, with the stock plummeting 32%. Trump Media has seen an 84% decline from its nearly $79 peak since going public in March. Lockup agreements for early investors expired Thursday, sparking speculation about potential sell-offs.
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00:00It's Benzinga, and here's what's on the block.
00:03Trump Media shares closed 5% higher Tuesday as the company sought to recover from a downward
00:07spiral linked to insiders gaining clearance to sell stock.
00:11Over 21 million shares were traded, more than twice the 30-day average of roughly 8 million.
00:16This follows six consecutive days of losses, with the stock plummeting 32%.
00:21Trump Media has seen an 84% decline from its nearly $79 peak since going public in March.
00:27Lockup agreements for early investors expired Thursday, sparking speculation about potential
00:32sell-offs.
00:33For all things money, visit Benzinga.com.