Trump can now start selling his majority stake in the Truth Social parent company, as a lockup on insider sales expires. But that could tank the price of the stock.
Trump is getting additional shares in his social media company, Trump Media & Technology Group, as part of his current agreement. He still can't cash in yet though.
Trump Media shares surged over the most recent two trading days — but the company continues to weather a miserable run since its stock market debut last month.
Trump Media and Technology Group will trade on the Nasdaq exchange under the stock symbol DJT. The listing comes as the former president is mired in a slew of legal cases.
