Shares of Donald Trump's media company, which runs Truth Social, dropped to their lowest price since they began trading as 'DJT' earlier in 2024.

The former president previously said he has “absolutely no intention” of selling his shares in the Truth Social parent.

Until recently the price of Truth Social's parent company, TMTG, has been seen as a barometer of the former president's election chances in November.

Shares of Trump Media on Monday sank to their lowest price in more than a year, days after majority owner Donald Trump and other company insiders got the green light to start selling their stakes in the Truth Social maker.

Trump Media & Technology Group Corp.’s stock fell Monday ahead of a two-day filing deadline for insiders to disclose sales of shares in the parent company of Donald Trump’s Truth Social platform. Shares of the closely watched stock DJT dropped 5% to $12.

Donald Trump, the majority owner of Trump Media shares and the biggest draw on Truth Social, said he is not selling his $1.5 billion DJT stake.

Since then, the picture has darkened for the social media company that Trump hoped would rival X, formerly known as Twitter. Shares fell 0.6% to $12.08 in early trading Tuesday af

The former president, who owns around 60 percent of the company’s shares, has said he has no intention of dumping his stock, which tumbled another 10 percent on Monday.