Trump Media shares fall to new low after insider selling ban expires

Shares of former U.S. President Donald Trump's media company fell more than 5 per cent to a new low on Monday, extending recent declines following the expiration of insider trading restrictions. Trump Media & Technology Group, which is 57 per cent owned by the Republican presidential nominee, fell for the sixth consecutive session, dropping its market capitalisation to $2.5 billion. Shares of the company, which operates the Truth Social app, last settled at $12.76 after falling to $12.56, its lowest price since going public in March. The company's shares have fallen about 13% since insider selling restrictions were lifted on Thursday. ,