Trump Media shares close nearly 10% lower as sell-off continues
Shares of Trump Media & Technology Group fell nearly 10% on Tuesday, continuing the stock's tumble following the conviction of former President Donald Trump, the company's majority shareholder. The stock closed at $31.31 Tuesday, on much higher than average trading volume of 7.52 million shares. Shares of Trump Media, which trades under the ticker "DJT," are down about 40% since May 30, when a New York jury found Trump guilty of 34 felony counts of falsifying business records. Tuesday's sell-off coincided with a June 18 deadline that could see some of the company's investors exercise stock warrants. In a filing with t