US Stock Market Move | Revealing potential large-scale stock sales, Trump Media & Technology Group (DJT.US) falls over 6%.

On Wednesday, the stock price of the Trump Media and Technology Group (DJT.US) fell by over 6%, to $19.015 at the time of writing. On the news front, the company disclosed in a securities filing that there could be a large-scale stock sale, including selling by insiders such as former President Trump's trust fund. According to the filing submitted on April 1, the parent company of Truth Social stated that the company may soon sell around 8.4 million shares of common stock related to existing warrants issued during the initial public offering. Additionally, the company mentioned that insiders and major shareholders could sell up to about 134 million shares of stock "at any time." Among them, the Donald J. Trump Revocable Trust holds over 114 million shares of stock, which are also included in the potential selling range.