“The stock has been tanking and will face a difficult earnings release on August 19. My guess is that this is intended to try to buttress investors fleeing. The 180-day restriction on Trump selling expires in September. So they have to keep the stock price up for just a couple more weeks to cash out and hope to not get swept up in the SEC investigation.”
Space Lawyer in the comments nailed it:
“The stock has been tanking and will face a difficult earnings release on August 19. My guess is that this is intended to try to buttress investors fleeing. The 180-day restriction on Trump selling expires in September. So they have to keep the stock price up for just a couple more weeks to cash out and hope to not get swept up in the SEC investigation.”
Just more fleecing by DJT.