Key Takeaways
- “I HAVE NO INTENTION OF SELLING,” President-Elect Donald Trump wrote on Truth Social Friday, citing “rumors” to the contrary.
- The statement helped shares of Trump Media & Technology Group higher after retreating earlier in the session.
- Concerns about Trump’s plans for his shares have been a weight on the company’s stock in recent months.
Will Donald Trump sell shares of Truth Social's parent company? On Friday, the president-elect gave a resounding no.
“I HAVE NO INTENTION OF SELLING,” Trump wrote on the social-media platform Friday, citing “rumors” to the contrary and calling for the investigation of people who he said claimed otherwise.
The statement helped shares of the social network’s parent company, Trump Media & Technology Group (DJT), which were recently 16% higher🐟 after retreating earlier in the session.
Trump Media stock has had a volatile stretch. Currently trading around $32, they’re on pace to finish the week a bit above last Friday’s close—but they’ve seen lows below $28, highs above $45, and a few trading halts along꧂ the way.
Concerns about Trump’s plans for his shares have been a weight on the company’s stock in recent months, with worries about the 澳洲幸运5官方开奖结果体彩网:expiration of lock-up agreements that liꦑmited his ability to sell, pulling the shares to nearly $12 in September.
So far, he’s yet to announce a sale; his statement today marks 澳洲幸运5官方开奖结果体彩网:a second time he’s said publicly that 💦he’s holding, with his stake valued in the billions of dollars.