The price of Trump Media stock increases as DJT attempts to recover from the decline following his release from lockup.

• The stock price of Trump Media, which is mostly owned by Donald Trump, increased for two consecutive days.
• The value of DJT, the company behind Truth Social, has decreased significantly in recent months.
• Trump Media surpassed the end of lockup agreements, allowing Trump and other company insiders to sell their shares.

On Wednesday, the stock of the company majority owned by Donald Trump rose for a second day, as the company attempted to recover from a steep decline that intensified after insider lockups expired.

On Tuesday, Trump Media experienced a more than 5% increase in stock value, while DJT stock surged as much as 7% above its opening price of $13.70.

Despite a monthslong stock slump that erased billions of dollars from the company's market capitalization, the positive turn for Truth Social owner continues.

On Monday, Trump Media's stock shares reached their lowest point in the past six months since the company's public listing following a merger with a special purpose acquisition company (SPAC).

Despite its current market cap of over $2.5 billion, some experts still view Trump Media as being overvalued.

Retail investors are trading the stock not due to its business fundamentals, as it reported only $837,000 in revenue for the latest fiscal quarter, but as a means to speculate on the success of the Republican presidential candidate.

In July, Trump Media briefly surged after Trump survived an assassination attempt and seemed to be gaining ground on Biden. However, the stock began to decline after Vice President Harris took over and Biden's lead in the polls shrank.

From July 15 to Monday, Trump Media's stock dropped 70%.

As the lockup agreements neared expiration, Trump Media's stock began to decline.

On Thursday afternoon, the lockups for Trump Media shares expired, resulting in a surge of trading activity, with the company's shares being traded at a much higher volume than the 30-day average, as reported by FactSet.

If Trump sold his stake in the company, it could cause investors to lose confidence and trigger another sell-off.

Before his release from prison, Trump stated that he had no intention of selling.

No other Trump Media insiders have disclosed transactions to the U.S. Securities and Exchange Commission, as required in most cases.

Trump Media's regulatory filings reveal that the success of its only product, Truth Social, is contingent on the former president's popularity and ongoing use of the social media platform.

This is developing news. Please check back for updates.