Trump Media stock hits new 52-week low after DJT lockup ends

• Shares of Trump Media sank to their lowest price in over a year.
• At the market open, the stock that trades as DJT on the Nasdaq experienced a decline of over 6%.
• After receiving approval to sell their stakes, the slump of Truth Social worsened.

On Monday, the price of Truth Social shares sank to their lowest point in over a year, following the approval of majority owner Donald Trump and other insiders to sell their stakes in the company.

At the market open, the stock, which trades as DJT on the , dropped more than 6%, resulting in six consecutive days of declines.

Since its public trading debut in late March, Trump Media's share price has dropped by over 80%. On Monday morning, the stock reached its lowest intraday price since July 2023.

The company's market capitalization, which was over $10 billion in March, has decreased to approximately $2.5 billion. Trump owns about 57% of the company's outstanding shares, which, as of Monday morning at 10:30 a.m. ET, were worth less than $1.5 billion.

Trump and other insiders were restricted from selling their shares in Trump Media for several months following its public listing, due to lockup agreements.

Those restrictions expired at the closing bell Thursday.

Earlier in September, Trump, a popular figure among Truth Social users and retail investors in the company, stated that he would not sell his stake. As a result, the stock price temporarily increased.

No other early investors have made promises like the ones made by ARC Global and United Atlantic Ventures.