There does seem to be some respite for investors in Donald Trump’s media company after the stock fell 10% on Monday after insider selling restrictions expired.
Ahead of the bell, shares in Trump Media & Technology Group Corp (NASDAQ:DJT), 57% owned by the former US president, were marked 1% higher.
If the price holds at the open it will staunch six consecutive days of declines that have reduced its market value to $2.4 billion.
Since insider selling limits were lifted last week, the stock has dropped 17%. Trump Media, which operates the Truth Social app, once reached a valuation of nearly $10 billion, driven by Trump supporters and retail investors.
However, shares have consistently declined, with losses intensifying after Joe Biden announced his re-election campaign in July.