![DJT's stock price has fallen nearly 50% since Trump's guilty verdict 1 DJT's stock price has fallen nearly 50% since Trump's guilty verdict](https://www.trendfeedworld.com/wp-content/uploads/2024/06/DJT39s-stock-price-has-fallen-nearly-50-since-Trump39s-guilty.jpeg)
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The share price of Trumpmedia has nearly halved in the roughly three weeks since a New York jury convicted the company's majority owner, former President Donald Trump, of criminal charges.
Shares of the company behind Truth Social, which trades on the Nasdaq as DJT, closed Friday's trading session at $27.66 each.
That's a 46% drop from Trump Media's price of $51.84 per share at market close on May 30, the day Trump was found guilty of 34 felonies for falsifying company records.
Shares of Trump Media closed up more than 3% on Friday, a reprieve from weeks of decline.
Stock price Trump Media & Technology Group Corp
It's not clear whether the conviction itself contributed to that decline — though the company has acknowledged in regulatory filings that “an adverse outcome in one or more of the ongoing legal proceedings involving President Donald J. Trump could adversely impact have on TMTG and its Truth Social platform.”
Analysts have attributed the downward trend to Trump Media's registration of additional shares, which was declared effective by the Securities and Exchange Commission after the bell Tuesday.
The SEC approval allows early investors in the company to resell certain shares and exercise stock warrants, threatening to dilute the stock price.
The company has noted that it could generate up to $247 million if all warrants were exercised for cash. But shares of Trump Media nevertheless fell as much as 17% in after-hours trading on Tuesday.
In a press release On Friday afternoon, the company announced that it expects to receive more than $69.4 million from the cash exercise of warrants on Thursday and Friday alone.
This week alone, the stock is down more than 25%. Much of that decline came during volatile trading sessions Thursday, when shares of Trump Media fell nearly 15%, and Tuesday, when shares closed nearly 10% lower. The stock market was closed on Wednesday.
Trump Media's stock price has soared since its public debut in late March, as retail investors and short sellers bought and sold the company tied to the controversial presumptive Republican presidential nominee.
The stock was identified in April as the most expensive U.S. stock to sell short.