Trump Media Technology Stock News

Trump Media & Technology Group's key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday.

ARC Global Investments and its founder Patrick Orlando have offloaded nearly their entire stake in Trump Media & Technology Group and are no longer major shareholders in the Truth Social parent, according to a recent regulatory filing, marking the latest stakeholder in the company to dump their shares.

The financial firm ARC Global Investments II and manager Patrick Orlando no longer own more than 5% of Trump Media stock, an SEC filing showed. ARC, which once held over 11 million shares, and Orlando now hold just 0.01% of DJT common stock, according to the filing.

There's been strong volume for the closely watched Trump Media & Technology stock, but no big pops after Election Day.

As one of the most volatile stocks of 2024, Trump Media (NASDAQ: DJT) has experienced wild price swings throughout the year. The budding media business's stock price hasn't correlated with fundamentals at all — instead, it largely reflected public perception of Donald Trump, particularly with regard to his now-successful bid for the White House.

Truth+ Content Delivery Network Operating from Sites Across the Country SARASOTA, Fla., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, is announcing today that it has completed the initial deployment of its cross-country network of data centers that power its custom-built content deliv...

Shares fell 5% Wednesday after reports that insiders will start selling stock.

Phillip Juhan, chief financial officer of Trump Media, recently sold nearly $12 million worth of stock in the company, which operates the Truth Social app. Two other corporate insiders, general counsel Glabe Scott and director Eric Swider, also sold shares of DJT.