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Trump Media extends losses as end of lock-up nears



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** Shares of Trump Media & Technology Group Corp DJT.O down 3.4% at $16.12, on track for a second straight record low close, days ahead of when former President Donald Trump and other insiders can sell their shares

** Per provisions related DJT's March public listing, Trump and other insiders are allowed sell stock beginning later this month, potentially flooding the market with additional shares

** If DJT remains at or above $12 for any 20 trading days commencing Aug. 22, then Trump will be free to sell shares beginning on Sept. 20. Otherwise, he is eligible to sell shares beginning on Sept. 26

** Recent losses in DJT follow a Reuters/Ipsos poll showing Democratic U.S. Vice President Kamala Harris leading Republican candidate Trump 47% to 42% in their race to win the Nov. 5 presidential election

** Harris put Trump on the defensive in a combative presidential debate on Tues, with the two clashing over immigration, foreign policy and healthcare



Reporting by Noel Randewich

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