Trump Media & Technology Group Surges to 450th in Daily Rankings with $195 Million Turnover Despite 7.40% Stock Price Drop

On April 2, 2025, Trump Media & Technology Group (DJT) saw a significant increase in trading volume, with a turnover of $195 million, marking a 138.8% rise from the previous day. This surge placed DJT at the 450th position in the daily stock market rankings. However, despite the high trading volume, DJT's stock price fell by 7.40%.

Trump Media & Technology Group has filed with the SEC to potentially sell over $2 billion worth of shares. This move allows the company to reduce its stake by more than $2.2 billion, which has raised concerns among investors about the potential impact on the stock price.

The filing with the SEC enables the president's trust to sell up to nearly 115 million shares, which has contributed to the recent decline in DJT's stock price. The announcement of a potentially massive new influx of shares has led to a significant drop in the stock's value, causing it to tumble again.

Despite the filing, it is not guaranteed that Trump will sell the shares. The filing provides the option to unload nearly 115 million shares, but the actual sale depends on various factors and market conditions. Investors are advised to closely monitor the situation and consider the potential implications for their portfolios.