New low reached by Trump Media stock

The share price of Trump Media, majority-owned by former President Donald Trump, hit an all-time low of $17.89 per share on Tuesday, down 77% from its high in March. The stock’s decline was part of a broader market downturn in tech companies. Trump Media’s stock behaves more like a meme stock and is influenced by the political fortunes of Trump. The stock surged after an assassination attempt on Trump in July, but has since fallen. Trump and other major shareholders are currently unable to sell their shares due to a lockup agreement, set to expire on Sept. 25, but could be moved up to Sept. 20. Speculation that Trump may sell his shares due to campaign expenses and legal issues could lead to further declines in the stock and trigger a broader selloff.

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