Are you curious about how Truth Social stock is doing? Sure you are.
DJT got a little bounce when the Republican convention started, but that wore off quickly and the stock has tanked completely ever since Kamala Harris entered the race. It's down 40% from its pre-convention price.
Mind you, it's still selling for about 500% more than it's worth, but it's obviously fragile because investors¹ are having doubts about whether Trump can win in November. It's probably a better weathervane for Trump's reelection odds than actual polls.
¹That is, MAGA fans and other suckers who Trump has conned into buying the stock and holding onto it.
Trump fanbois seeing their 401K value dropped 40-50% because they moved all their money into DJT is the reinforcement they need to believe the economy is weak.
We're only days before T. Rex can
"monetize his ownership"dump his shares. On that day we'll really know what DJT is worth.. .in more ways than one.If he tries to sell, it will tank the stock even more. And any sale has to have a buyer. Who will buy all his shares?
Yah, if the single largest shareholder starts to dump, the price will crash even more steeply than it is already doing.
I read a couple days ago that Trump's shares in DJT were worth about $200M. It might be sensible to mark that down considerably.
Won't whether to dump a bunch of it on September 20 be a bit of a quandry for Donald? If he goes for all of it the stock will go down to about 1¢ a share(?) How does that work anyway? Will he sell a little and see how that goes? If he thinks he's really going to lose he must know it is likely to also go down to that on November 10(?) Or is it?
I'm sure someone here can explain all of that.
MAGA investors screwed? No problem! Glad for the opportunity to contribute. . Hell those ungrateful folks with the airline, casino and university should have been proud to be able to make him money
Got my bleach ready for next covid outbreak. Okay Thelma, where do we send the next check? Gold sneakers- still available, Wonderful !
So long as he sticks it to those libs
Yes, the September 20 lock on Trump selling expires. I think the recent declines is *because* we are getting close to that date and "investors" are concerned that it will be the time the company's financials, for once, determine the price.
Recent declines are probably more due to other executives dumping their stock while the getting is good. There are about 200 million shares outstanding, of which DJT holds more than half, leaving 80 million shares tradable. Average trading volume is about 5 million shares per day, which means 6% of the available shares are traded every day. That's a lot of churn. Also, the short sellers are loading up. Short interest is now up to 16%.
Thank you for bringing that information to my attention.
Actually, when I looked up the numbers, the executives dumping stock are not a big fraction of the total trades (see below). Total of 120,415 shares on August 22, which is a small fraction of the total churn. It's a mystery to me who's doing all the buying and selling.
I'm not an expert on the stock market, but my guess is wealthy investors seeking to keep the stock active and people interested till Trump can cash out? It's all a scam anyway. Truth Social is about as legitimate as Trump university. Or whatever his charity was called. The MAGA loyalists who put their trust in Donald Trump are going to have their trust rewarded in a way only Trump knows how. To screw them over royally.
After Sept. 20, I expect to see a large purchase by the RNC.
There are no laws prohibiting this.
At most, that chart shows Harris’ entry sustaining an existing downward trend rather than initiating it.
MEOOOOOW. Reap what you sow convicted sex felon....Kitties know
True, but at the point she announced, the price was still benefiting from the bump; it was noticeably above the pre-convention price.
But already well below its high circa April, if one looks further back. https://finance.yahoo.com/quote/DJT/
Elephant Who Ripped Owner in Half Hailed as Working Class Hero,
https://i.redd.it/3nhm6ji1bczb1.png
Republicans confused.
Pretty sure the bump was from the shooting, not the convention
It is now on the front page of nbcnews.com.
I didn't see it in other front pages.
Oh c'mon. The major "investors" in DJT are NOT credulous MAGAts. They may be the most numerous as a group, but the REAL money comes from people trying to influence the Felon and/or co-grift with him.
-- Other "executives" of the "corporation"
-- Stock touts and the like who want to cash out before the wave crashes
-- People who consider it an expense -- specifically BRIBERY -- including both domestic and foreign actors.
ALL of them see its value declining as his political fortunes decline, although some of the last group will stick it out either to hedge their bets or because they want to retain his favor even if he loses.
57.6% of the stock is listed as insider ownership. This would include Trump plus other executives. 35.6% is listed as "other" which would include just about everybody else who owns stock.
Five insiders filed form-4, reporting that they sold stock on August 22:
Devin Nunes (CEO) sold 27,846 shares
Andrew Northwall (COO) sold 3,467 shares
Scott Glabe (General Counsel) sold 4,083 shares
Philip Juhan (CFO) sold 84,941 shares
Vladimir Novachki (CTO) sold 7,801 shares
In no case did these sales comprise more than one-fourth of their holdings, so they're still looking to sell more when they can.
Those are the only insider transactions reported in the last couple of months.
If there was anyone who deserves to lose their shirt over this it's Devon Nunes.
“He has no reason to sell, because he doesn’t need the money,” said Greg Bowden, a 66-year-old self-described day trader and supporter of Mr. Trump who said he owns shares of Trump Media. “I don’t think he’s that stupid to hurt his loyal base of supporters.” The naivete is shocking. How little they know Donald Trump.