Current location:Global Glimmer news portal > travel
Trump Media stock slides again to bring it nearly 60% below peak
Global Glimmer news portal2024-05-21 11:01:54【travel】2People 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.
Address of this article:http://mauritius.chongwenmenhotelbeijing.com/html-70b799835.html
Very good!(66413)
Related articles
- Georgia Republicans choose Amy Kremer, organizer of pro
- Jennifer Lopez, 54, is a fresh
- Strong quake in southwestern Japan leaves 9 with minor injuries, but no tsunami
- New Black congressional district in Louisiana bows to politics, not race, backers say
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Prominent Baptist pastor in military
- Prominent Baptist pastor in military
- Sarah Paulson, 49, talks aging gracefully without Botox: 'I don't shoot anything into my face'
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- Chinese leaders attend deliberations at annual legislative session
Popular articles
Recommended
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
One in THREE people will be struck down with 'silent killer' amid huge surge in condition
KENNEDY: We all know why blubbery bistro blowhard Keith McPiggy branded perpetual trout
Juventus ordered to pay Ronaldo more than $10 million in salary dispute
Celebrity birthdays for the week of May 26
Urgent warning over shortages of life
Annie Kilner is seen for the first time since welcoming her fourth son with husband Kyle Walker
Pakistan says Iran's President Raisi will visit next week despite tensions in the Middle East
Links
- Warren Buffett's company faces lawsuit over shareholder proposal
- Indian separatists plotted to kill Sir Winston Churchill during pre
- Christie Brinkley's look
- Cambodian PM celebrates Int'l Labor Day with seaport workers
- Cancer breakthrough as doctors claim A.I. X
- Home and Away star James Stewart's real
- 'Beautiful' student, 19, felt dizzy at dress fitting for her mother's wedding
- Student killed outside Wisconsin school had pellet rifle, police say
- Israel says a humanitarian crossing into Gaza has come under fire, forcing it to close
- Jackson scores twice as Chelsea routs West Ham 5