Trump Media's stock took a hit as reports surfaced that Trump's trust could sell over $2 billion in shares. This happened after Trump transferred ownership of his shares to the trust run by his son in December. The stock dropped by 7% on Wednesday, hitting a six-month low and registering a 70% decline from its pre-election high. Following a recent filing permitting the trust to sell up to $2.3 billion in company stock, investors reacted by pushing the price down. This news came in the wake of a surge in Newsmax's stock after its IPO and drew parallels to Trump Media's early market performance. Despite previous claims that he had no intention of selling stock in his social media venture, Trump transferred his shares to the trust. The Trump Media team did not comment on the matter. Since going public in 2024, Trump Media's shares have experienced tumultuous fluctuations, initially buoyed by excitement over Trump's presidential campaign before plummeting.