Trump Declares He Won't Sell Truth Social Stake, Stock Surges

Former President Trump's commitment to holding his shares in Trump Media & Technology Group boosted the stock despite recent volatility and a pending lockup expiration.

Trump announced he will not sell his 57% stake in Trump Media & Technology Group, the parent company of Truth Social.
Following his declaration, the company's stock surged by as much as 30% before closing up 12% at $17.97 per share.
The stock experienced two brief trading halts due to volatility after Trump's comments.
Trump criticized Nasdaq for the trading halts and suggested a potential move to the New York Stock Exchange.
The stock had been declining amid election uncertainties and speculation about Trump selling his shares, but his announcement alleviated investor concerns.