Investors Purchase High Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the recipient of some unusual options trading activity on Monday. Traders acquired 323,897 call options on the stock. This is an increase of 66% compared to the average daily volume of 195,143 call options.

Trump Media & Technology Group Price Performance

Shares of DJT stock opened at $42.91 on Tuesday. Trump Media & Technology Group has a one year low of $11.75 and a one year high of $79.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49. The firm’s 50 day moving average price is $33.70 and its 200-day moving average price is $28.57.

Insider Activity

In related news, General Counsel Scott Glabe sold 15,917 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the sale, the general counsel now directly owns 336,576 shares of the company’s stock, valued at approximately $10,834,381.44. This trade represents a 4.52 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Phillip Juhan sold 64,000 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the completion of the sale, the chief financial officer now owns 265,798 shares in the company, valued at approximately $8,763,360.06. This trade represents a 19.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 536,100 shares of company stock valued at $16,274,894 in the last three months. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors have recently modified their holdings of DJT. Tsfg LLC acquired a new stake in Trump Media & Technology Group during the 4th quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at $27,000. Larson Financial Group LLC purchased a new position in Trump Media & Technology Group in the third quarter valued at $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter worth $34,000. Finally, MetLife Investment Management LLC purchased a new stake in Trump Media & Technology Group during the 3rd quarter worth about $43,000. 4.29% of the stock is owned by institutional investors and hedge funds.

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.