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‘DJT’ stock tumbles as Trump and many others file for the sale of their shares

Last Updated: April 15, 2024 at 2:57 p.m. ET 

Total number of shares Trump Media files for the sale of is more than triple the public float 

Shares of Trump Media & Technology Group Corp. took a deep dive Monday, after the social-media company filed for the sale of a large amount of shares so its stockholders, including Donald J. Trump, could cash in.

The company’s DJT, -18.35% S-1 filing with the U.S. Securities and Exchange Commission includes the potential sale of up to 114,750,000 shares held by the former president.

 The stock has now plunged 46% since March 25 and has plummeted 59.3% since it closed at a postmerger high of $66.22 on March 27.