Trump’s Business Partners Are Dumping Their Stock as Fast as They Can ...Middle East

The New Republic - News

Insider trading restrictions expired for Trump Media last week, effectively opening the floodgates for investors to sell off their stock in wildly unprofitable company—and sell they did.United Atlantic Ventures LLC, one of the largest shareholders in Trump Media & Technology Group, dumped 11 million shares in the company shortly after a lockup agreement preventing insiders from selling their shares lifted on September 19, according to a regulatory filing. The amount that UAV received for its shares wasn’t reported, but the price tag could have ranged anywhere from $128 million to $170 million, according to CNBC. The group held a 5.4 percent stake in the Trump tech company but left itself wit

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Last updated : 27 September 2024 clock 08:25 PM

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Trump’s Business Partners Are Dumping Their Stock as Fast as They Can ...Middle East

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