Current location:health >>
Trump Media stock slides again to bring it nearly 60% below peak
health99People have gathered around
IntroductionNEW YORK (AP) — The stock price for Donald Trump’s social media company slid again Monday, pushing i ...
NEW YORK (AP) — The stock price for Donald Trump’s social media company slid again Monday, pushing it nearly 60% below its peak set late last month.
Trump Media & Technology Group was down 16.8% at $27.10 in midday trading as more of the euphoria that surrounded the stock fades. It’s a sharp comedown since nearing $80 after the owner of Truth Socialmerged with a shell company to get its stock trading on the Nasdaq under the symbol “DJT,” for Trump’s initials.
Part of the decline may be due to criticism that the stock price had zoomed way past what skeptics said the money-losing company is worth, particularly one with tough odds for success. But another part is also likely because of action Trump Media took Monday.
The company filed documents with the U.S. Securities and Exchange Commission that open the door for the future potential sale of millions of shares. The document, called an S-1, relates to warrants held by investors that can be transformed into shares of stock, as well as shares held by company insiders.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“World Watch news portal”。http://haiti.gigirondeau.com/news-47a099891.html
Related articles
Six killed in a 'foiled coup' in Congo, the army says
healthKINSHASA, Congo (AP) — Six people were killed and dozens arrested following attacks on the residence ...
【health】
Read moreChinese premier pledges efforts to promote equipment upgrades, trade
healthChinese Premier Li Qiang on Thursday pledged to take concrete action to promote large-scale equipmen ...
【health】
Read moreA vibrant city on ancient Silk Road
healthThe ancient city of Kashgar, which has a permanent resident population of around 200,000 and is loca ...
【health】
Read more
Popular articles
- Bella Hadid goes braless in a thigh
- Brunei welcomes 1st Chinese tourist group in 3 years
- Chinese premier holds symposium with overseas buyers at Canton Fair
- Boeser's hat trick helps Canucks rally, push Preds to brink of elimination
- Shohei Ohtani's first walk
- China's Einstein Probe astronomical satellite captures its first in
Latest articles
California congressman urges closer consultation with tribes on offshore wind
Bernabeu balancing act for Valverde with Copa del Rey final ahead
LeBron James EXPLODES on Lakers coach Darvin Ham for not challenging out
Vanderpump Rules' Lala Kent bares her baby bump in crop top and fringe skirt for line
Children are evacuated from school 'during an exam' after threat made via email
Bookings for cultural, culinary travels surge ahead of Spring Festival
LINKS
- Houston weather: Power outages from storm raise risk of hot weather
- King Charles and Queen Camilla could miss super
- Washington state trooper fatally shoots a man during a freeway altercation, police say
- As Japan's yakuza weakens, police focus shifts to unorganized crime hired via social media
- China launches new remote sensing satellite
- China calls for strengthened flood control in Yangtze, Taihu Lake basins
- Chinese police solve over 90,000 economic offenses since 2023
- Wheeler strikes out 6, Phillies top Nationals 4
- Heise scores 2 goals as Minnesota beats Toronto 4
- Matt Waldron strikes out 10 as Padres silence Braves' bats in 3