Trump Media stock slips on eve of merger lockup expiration

Donald Trump’s media company, Trump Media, saw its shares close at a new low as the expiration of “lockup” restrictions loomed. The stock fell 3.22% to $15.62 a share, giving the company a market capitalization of $3.126 billion. Trump, who holds nearly 57% of the company’s shares, had said he had no intention of selling his stake, but the stock has been on a steady decline. A recent ruling by a Delaware judge required Trump Media to grant a larger share of its stock to an early investor, causing shares to fall further. The stock is now down more than 61% since an assassination attempt on Trump in July, and 76.5% overall since the merger in March.