Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $35.41, but opened at $34.11. Trump Media & Technology Group shares last traded at $33.34, with a volume of 1,588,161 shares changing hands.

Trump Media & Technology Group Stock Down 2.0 %

The business’s 50-day moving average price is $33.56 and its 200 day moving average price is $28.82. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Activity at Trump Media & Technology Group

In related news, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Phillip Juhan sold 320,000 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the transaction, the chief financial officer now directly owns 329,798 shares in the company, valued at approximately $10,108,308.70. This represents a 49.25 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 536,100 shares of company stock valued at $16,274,894. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds have recently added to or reduced their stakes in the company. Rakuten Securities Inc. purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at about $27,000. Larson Financial Group LLC bought a new position in Trump Media & Technology Group during the third quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Trump Media & Technology Group during the third quarter worth approximately $34,000. MetLife Investment Management LLC bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $43,000. Finally, Allworth Financial LP purchased a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at $48,000. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.