Trump Media’s stock hits record low

The share price of Trump Media, majority-owned by former President Donald Trump, hit a record low of $17.89 per share on Tuesday, down 77% from its high in March. The stock has been volatile, rising and falling with political events related to Trump. The recent drop may be due to market trends, as tech stocks also declined on Tuesday. However, Trump Media’s stock behaves more like a meme stock than a traditional investment. Trump, who owns almost 59% of the company, and other major shareholders are currently restricted from selling their shares until a lockup agreement expires on Sept. 25. There is speculation that Trump may sell his shares to cover campaign expenses and legal fees, which could lead to further declines in the stock price. If Trump does decide to sell, it could trigger a broader selloff of the stock. Investors are closely watching the situation as the deadline for the lockup agreement approaches, and the future of Trump Media remains uncertain.

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