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Who Is Buying DJT Stock? It’s a Mystery.
April 11, 2024
Shares of Trump Media & Technology Group have traded on heavy volume since former President Donald Trump’s new media company took over the ticker DJT on March 26. Who, or what, is behind that market action?
But there is no reliable way to answer the question for Trump Media or any other stock. That’s because public disclosure regulations provide a limited and belated look at stock ownership.
To stick with the Trump Media example, the company began trading under DJT after it completed a merger with a blank-check company, Digital World Acquisition Corp., which was already listed. Trump Media operates the social-media network Truth Social, which it launched in 2022. Former President Donald Trump owns 57% of DJT stock, but is constrained by a lockup agreement from selling shares before late September.
https://www.marketwatch.com/articles/djt-truth-social-trump-media-stock-buying-a7bffe7d
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April 11, 2024
Shares of Trump Media & Technology Group have traded on heavy volume since former President Donald Trump’s new media company took over the ticker DJT on March 26. Who, or what, is behind that market action?
But there is no reliable way to answer the question for Trump Media or any other stock. That’s because public disclosure regulations provide a limited and belated look at stock ownership.
To stick with the Trump Media example, the company began trading under DJT after it completed a merger with a blank-check company, Digital World Acquisition Corp., which was already listed. Trump Media operates the social-media network Truth Social, which it launched in 2022. Former President Donald Trump owns 57% of DJT stock, but is constrained by a lockup agreement from selling shares before late September.
https://www.marketwatch.com/articles/djt-truth-social-trump-media-stock-buying-a7bffe7d
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