Shares of Trump Media & Technology Group slumped to their lowest level ever at the opening bell Friday, the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform.

Shares of Trump Media fell to a new 52-week low Friday, closing down 7.82%, at $13.55 per share, just one day after “lockup” restrictions expired, which had previously prevented its majority shareholder,

(Reuters) -Shares of Trump Media & Technology Group fell 5% on Friday as the Truth Social parent extended this week's steep selloff after a lock-up on insider sales expired. Shares of the $2.9 billion firm,

Trump Media & Technology Group Corp.’s stock dropped to its lowest level since it went public in March Friday, as a ban on stock sales lifted.

The company has lost more than half of its value since Kamala Harris entered the race.