Shares of Trump Media's stock, DJT, have experienced a significant decline, dropping nearly 50% since May 30. The stock has fallen more than 30% over the past five days, currently trading at $26.75 per share. The decline has been attributed to several factors, including Donald Trump's May conviction on 34 counts of falsifying business records, which has negatively impacted valuations for Truth Social stock. Additionally, regulators approved the company's registration statement, allowing investors to exercise warrants and the company to issue extra shares, increasing the number of shares available for trading. Trump Media is facing $2 billion in losses as the stock continues its NASDAQ tumble, falling nearly 15% and down 14.56%. Despite the stock's decline, Trump Media Group is set to receive $69.4 million from warrant exercises, providing a financial boost for the development of the Truth Social platform.
Year to date, the stock price of DJT has mostly tracked Trump's presidential election betting websites implied winning odds until Trump's "Stormy Daniels" case conviction in NYC on May 30, after which Trump's wining odds plunged and rebounded while DJT kept plunging. Why is that? https://t.co/SxVODMRjST
Trump Media expects nearly $70 million from move that helped cause stock’s skid https://t.co/QlKph7HQ7V
The Trump Media Group is set to receive $69.4 million from warrant exercise, providing a significant financial boost for the development of the Truth Social platform. $DJT
#Trump Social Media Stock Price Falls off Another Cliff as Bottom Approaches https://t.co/OKlqUhmgKw via @Showbiz411
Donald Trump's stock is approaching rock bottom https://t.co/lSpHjcsXCD https://t.co/4oyQbxU4Bh
Some may wonder why $DJT is down so much. A combination of factors. Regulators approved its registration statement, clearing the way for investors to exercise warrants and for the company to issue extra shares, making millions more available for trading. Warrants, which…
Trump media's stock plummets 30% over the past 5 days, closing at $26.75 per share Thursday. Follow: @AFpost https://t.co/v19ifEC4Cl
Trump's DJT stock continues NASDAQ tumble. ⬇️ $DJT -14.56% https://t.co/650Xz5sPvr
Trump’s media company suffers another huge slump as share price falls nearly 15% https://t.co/rzErUEvRAD
Trump facing $2 BILLION in losses as his Truth Social stocks tank by almost 50% - with decline accelerating in the last week https://t.co/EULLfu1vwm https://t.co/624zrcjHcY
Trump social-media stock ‘DJT’ has slid more than 30% over the past 5 days https://t.co/y1E2itT9cY
Valuations for Truth Social stock have been trending downward following Donald Trump’s May conviction on 34 counts of falsifying business records. https://t.co/6a0EI1Xpmt
If you bought shares of Trump Media on May 30, you’ve now lost half of your investment. https://t.co/NCHg5ijAsr
More on why shares of $DJT are tanking now on @FoxBusiness w @LizClaman
Live look at $DJT stock https://t.co/yqm5Gmxewc