The DJT stock is often traded as a proxy of political support for Donald Trump in the presidential race against Vice President Kamala Harris.
Trump Media, the parent company of Truth Social owned by Donald Trump , fell to a new public trading low since it debuted on the Nasdaq stock exchange in March.
Donald Trump and other major shareholders will be allowed to sell their shares after a "lockup agreement" period ends later this month, though the Republican presidential nominee has not signaled that he plans to cash in.shares dropped to $17.89 per share around midday Tuesday, The stock's prior low was set on Aug. 28, when it hit $19.38 per share. The stock price is down roughly 77% from its high of $79.
The stock spiked, for example, after Trump survived an assassination attempt in July, dovetailing with a surge of voter support for his presidential bid and several high-profile endorsements., who owns almost 59% of DJT's outstanding shares, and other company executives can cash in on the falling stock. Trump's stake was worth over $2 billion as of Tuesday.
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