Tracking DJT stock

ChapelHillSooner said:
If I understand it correctly, Trump will be able to begin selling DJT stock tomorrow unless the stock falls below $12 (which is unlikely). If it did fall he would be able to sell it next week.
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Just to clarify, Trump can't sell until after close today. Not sure if he can sell after hours or if that means he won't be able to start selling until tomorrow morning.

This will be very interesting to watch.
 
abcnews.go.com

Facing a $2 billion decision, Trump says he will keep his Truth Social shares

Six months after Donald Trump's Truth Social company went public, the "lockup" agreement that kept him from selling any of his 115 million shares expired this afternoon.
abcnews.go.com abcnews.go.com

"After waiting six months -- and losing $4 billion on paper -- former President Donald Trump faces a potential windfall from his social media company.

Half a year after the public company behind Trump's Truth Social platform went public, the "lockup" agreement that prevented Trump from selling any of his 115 million shares expired on Thursday afternoon.

Beginning to sell his shares could allow Trump to profit handsomely from his stake in the company -- which is currently valued at approximately $1.7 billion -- but it could crater the stock for the company's diehard supporters, many of whom invested their money in the company as a sign of their support for the former president.

... While Trump's net worth has grown to $4.3 billion according to the most recent Forbes estimate, the former president owes over $560 million in civil judgments, which he is actively appealing. The majority of his personal wealth -- once built on the namesake properties that shot him to fame -- now stems from his shares in his social media company, Trump Media & Technology Group, which have fallen more than 70% since the company went public."

... Shares in the public company peaked at $66 in April, with analysts comparing the company to so-called "meme stocks" like AMC and GameStop, whose share prices surged based on investor enthusiasm rather than financial metrics. ..." [It closed at $14.70 today]
 
Wonder who is selling today? I can’t imagine someone who could sell yesterday waiting until today to sell.

Probably Nunes. Would be funny if he beat Trump to the punch.
 
It is about to trade it's average daily volume in the first 1.5 hours. Insiders are dumping shares. But they have a LOT of them.

They will do it in spread out spurts. Give the red hat suckers time to buy in so it doesn't crater all at once.
 
Kraftyheel89 said:
It is about to trade it's average daily volume in the first 1.5 hours. Insiders are dumping shares. But they have a LOT of them.

They will do it in spread out spurts. Give the red hat suckers time to buy in so it doesn't crater all at once.
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I don’t think it’s at all beyond the realm of possibility we’ll end the day below $12.
 
I don't think it will get near $12 today. Maybe later next week. This is how mutual fund companies trim back a holding or sell it all together. They spread it out so they don't flood the market with massive sell quantities. If they do, their shares get sold in blocks incrementally lower as price plummets.

You can see that in DJT stock right now. It has bounced back about 50 cents on low volume. Insiders stopped selling letting buyers come in to prop it back up some. Then the sells start again. Rinse, repeat.

Volume has really slowed down last 25 minutes (insiders stop selling) and it gets a nice pop on low volume and mostly buys.
 
Kraftyheel89 said:
I don't think it will get near $12 today. Maybe later next week. This is how mutual fund companies trim back a holding or sell it all together. They spread it out so they don't flood the market with massive sell quantities. If they do, their shares get sold in blocks incrementally lower as price plummets.

You can see that in DJT stock right now. It has bounced back about 50 cents on low volume. Insiders stopped selling letting buyers come in to prop it back up some. Then the sells start again. Rinse, repeat.

Volume has really slowed down last 25 minutes (insiders stop selling) and it gets a nice pop on low volume and mostly buys.
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While I’m sure you’re right, I hope we find out at some point what mutual fund companies held DJT. Because I want to stay away from them like they’re a 50 ft long cobra.
 
lawtig02 said:
While I’m sure you’re right, I hope we find out at some point what mutual fund companies held DJT. Because I want to stay away from them like they’re a 50 ft long cobra.
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I don't think he said any mutual funds were holding it. He was saying that's how mutual fund companies do it; I took him to be saying that the insiders will use the same strategy.
 
Institutional holders of DJT stock -- 322 institutions holding a total just over 14 million shares as of last quarter.

The largest 3 institutions are 1) Vanguard 2) Blackrock and 3) Susquehanna. I imagine the majority of their holdings are in some sort of Index Funds (Nasdaq Smallcap, Nasdaq 1000, or a Specialty Media index or something.

These three alone hold almost 50% of total institutional shares. Then it begins to drop of dramatically to lower quantities for many hedge funds and capital investment groups.
 
Kraftyheel89 said:
Institutional holders of DJT stock -- 322 institutions holding a total just over 14 million shares as of last quarter.

The largest 3 institutions are 1) Vanguard 2) Blackrock and 3) Susquehanna. I imagine the majority of their holdings are in some sort of Index Funds (Nasdaq Smallcap, Nasdaq 1000, or a Specialty Media index or something.

These three alone hold almost 50% of total institutional shares. Then it begins to drop of dramatically to lower quantities for many hedge funds and capital investment groups.
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Wow. Index funds are out of control if they are buying that piece of shit stock.
 
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