“Shares of Trump Media sank more than 7% Friday morning, hitting a new 52-week low one day after lockup restrictions expired,” CNBC reports.
“Trading volume was heavier than average on Friday morning, but it will likely be several days before public filings with the Securities and Exchange Commission reveal whether this volume is due to early investors selling shares now that the lockup period is over, or merely a higher than average number of retail investors trading the stock.”
