Trump Media Shares Close At Record Low Again As End Of Trump's Lockup Period Nears

Core Points - Trump Media shares closed at a record low of $15.64, marking a decline of over 3% and continuing a downward trend after falling to $16.14 the previous day [1] - The expiration of the lockup period allows major shareholders, including Donald Trump, to sell their stakes, although Trump has stated he will not sell his shares [2][1] - The value of Trump's stake, totaling 78.75 million shares, decreased from $1.4 billion to $1.2 billion within a few days [4] Stock Performance - The value of Trump Media shares has decreased by 80.2% since reaching a record high of $79.38 on March 25 [5] - The stock has been volatile since going public through a reverse merger, with significant fluctuations in value linked to Trump's political activities [7] Legal and Regulatory Context - A Delaware court ruled in favor of an early investor, awarding them approximately 800,000 additional shares, which contributed to a 6.6% drop in Trump Media shares [6] - The lockup period for Trump Media shares was set to end if certain conditions were met, including the stock trading above $12 for a specified duration [3]