President-elect Donald Trump said he wouldn’t sell his Trump Media & Technology Group Corp. shares when a lockup period ends later this month. This caused shares of the company to jump 11.79% on Friday.
“No, I’m not up for sale.” I love it, though. People ask Trump if he’ll keep his share in the parent company of his Truth Social platform. He says, “I mean, I use it as a way to get my word out.”
The company, which is traded under the symbol DJT, was up 18% on Friday, but it is still a long way below its 52-week high, which it hit in March.
“It’s going down because a lot of people think I’m going to sell. If I do, it won’t be the same.” “I get that, but I have no plans at all to sell,” Trump said.
A filing with the government says the lockup time will end on September 25.
Trump Media & Technology was about to have a big drop for the week until the former president spoke at a news conference at his golf club in Rancho Palos Verdes, California. He talked about a lot of different topics.
The stock went down earlier this week because the financial markets were moving in a way that suggested there was less chance of Trump becoming president again after his debate with Democratic candidate Kamala Harris on Tuesday night.
During Friday’s news conference, Trump pushed back when asked about how he did in the discussion.
“People have said nice things about the debate,” he told the reporters.
For Trump’s news conference, the Harris campaign said in a statement that it was a “rambling, defensive, and often incoherent event to promote his golf course.”
Tomi Kilgore helped out.
