Trump Media stock fell Wednesday after a filing revealed the potential for major insider stock sales, including shares held by the president’s trust, according to CNBC. Trump Media said it may sell shares tied to earlier warrants and that insiders and major stakeholders could also sell many shares over time. Trump Media said that while more shares could be sold than are currently available for public trading, the filing does not mean insiders plan to sell right now. Trump Media’s stock has plunged about 70% from its postmerger highs.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to mainstream media stock fell Wednesday after a filing revealed
00:04the potential for major insider stock sales putting shares held by the president's trust
00:09that according to CNBC. Trump media said it may sell shares tied to earlier warrants
00:14and that insiders and major stakeholders could also sell a large number of shares over time.
00:19Trump media said that while more shares could be sold than are currently available
00:22for public trading but the filing does not mean insiders plan to sell right now.
00:27Trump media stock has plunged about 70 percent from its post-merger highs.
00:32For all things money visit benzinga.com slash gstv