Shares of former U.S. President Donald Trump's media company fell more than 5% to a new low on Monday, extending recent losses after insider trading restrictions expired.
Trump Media & Technology Group fell for six consecutive trading days, with the market value of the company, which is 57% owned by the Republican presidential candidate, falling to $2.5 billion. The company, which operates the Truth Social app, closed at $12.76 after falling to $12.56, the lowest price since its listing in March.
The company's shares have fallen about 13% since insider selling restrictions were lifted on Thursday. (Jinshi)