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Trump Media stock slides under $18, a new low since it began publicly trading
The DJT stock is often traded as a proxy of political support for Donald Trump in the presidential race against Vice President Kamala Harris.
The stock price is down roughly 77% from its high of $79.38 per share on March 26, following Trump Media's merger with a publicly traded special purpose acquisition company. The stock spiked, for example, after Trump survived an assassination attempt in July, dovetailing with a surge of voter support for his presidential bid and several high-profile endorsements. Donald Trump and other major shareholders will be allowed to sell their shares after a "lockup agreement" period ends later this month, though the Republican presidential nominee has not signaled that he plans to cash in.
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