Truth Social (NASDAQ:DJT) Plunges as Insider Lands More Stock - TipRanks.com

Truth Social's shares (NASDAQ:DJT) dropped nearly 8% following an insider transaction where Donald Trump acquired 36 million shares due to a performance bonus, increasing his stake to almost 65%. Despite the company's poor financial performance, a lockup period prevents sales of these shares for the next five months. The stock has experienced extreme volatility, with recent gains attributed to plans for a streaming network and effective short-selling countermeasures, amidst Trump's ongoing legal issues and presidential campaign activities.