Shares of former U.S. President Donald Trump’s media company, Trump Media & Technology Group (TMTG), fell over 5% on Monday, hitting a new low. This drop comes after a six-day losing streak, coinciding with the expiration of restrictions on insider selling. As of Monday, the company’s stock price stood at $12.70, having dropped as low as $12.56—its lowest point since it debuted on the stock market in March.
TMTG, which operates the Truth Social app, is 57% owned by Trump. The company’s market capitalization now sits at $2.5 billion, a significant drop from its previous valuation of nearly $10 billion. The stock has declined by about 13% since Thursday, when the insider selling restrictions were lifted.
Insiders like United Atlantic Ventures and Patrick Orlando, who sponsored the blank-check company that merged with TMTG, will be among those eligible to sell shares. Together, they own 11% of the company. Despite a surge in value following its debut—driven by Trump supporters and retail traders—the stock is now down about 80% from its peak
The company, which had once reached a market value of nearly $10 billion, has seen an 80% drop from its peak in April. Over the past four trading sessions, the stock has fallen by around 18%.
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