
Investors are dumping Trump Media (DJT) today after its latest filing with the Securities and Exchange Commission enabled President Donald Trump to trim his stake in the company, held in a trust that his son Donald Trump Jr. manages, by more than $2 billion. The filing also covers potential sales by other insiders.
Trump’s selloff could prove disastrous for DJT as he’s currently the largest individual shareholder of TMTG. Including today’s decline, Trump Media stock is down 55% versus its year-to-date high.