Mon Sep 23 17:40:06 UTC 2024: ## Trump Media Shares Plunge to New Low as Insider Selling Restrictions Expire

**New York, NY** – Shares of former President Donald Trump’s media company, Trump Media & Technology Group (TMTG), plummeted 10% on Monday, reaching a new all-time low. The decline follows the expiration of restrictions on insider selling, which has led to a six-day streak of losses for the company.

TMTG, which operates the social media platform Truth Social, has seen its market capitalization drop to $2.4 billion. The stock closed at $12.15, marking its lowest point since its debut in March. This represents a 17% decrease since restrictions on insider selling were lifted on Thursday.

The company’s stock value had initially surged to nearly $10 billion after its Wall Street debut, buoyed by Trump supporters and retail investors who saw it as a speculative bet on his presidential prospects. However, shares have steadily declined since then, accelerating after President Joe Biden abandoned his reelection bid in July.

Despite the stock losses, recent polls show a close race between Trump and Vice President Kamala Harris in key battleground states. While Trump has maintained his lead in Arizona, Georgia, and North Carolina, according to a New York Times/Siena College poll, the race remains tight.

In a recent interview, Trump stated that he would not run for a fourth term if he loses the upcoming election on November 5th.

Meanwhile, PredictIt contracts for a Trump victory are currently trading at 46 cents, while contracts for a Harris victory are at 57 cents.

While Trump has pledged not to sell his shares in TMTG, which are currently worth approximately $1.4 billion, other major stakeholders, including United Atlantic Ventures and Patrick Orlando’s ARC Global Investments II, who collectively own 11% of TMTG shares, could potentially cash out their investments.

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