Trump Media, the company majority-owned by former President Donald Trump, fell below $20 per share for the first time since the Truth Social maker started publicly trading.
A Trump Media spokesperson did not immediately respond to CNBC's request for comment on the stock's latest dive. But the lock-ups are set to expire as soon as Sept. 20, at which point Trump may choose to start selling his shares. The stock's recent slide has also coincided with Trump's shifting political and legal circumstances. Trump's odds of winning the election appear to have narrowed after President Joe Biden withdrew his reelection bid and endorsed Harris as his replacement.
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