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

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price gapped down before the market opened on Friday . The stock had previously closed at $29.90, but opened at $29.27. Trump Media & Technology Group shares last traded at $30.15, with a volume of 9,274,199 shares trading hands.

Trump Media & Technology Group Price Performance

The stock’s 50 day moving average is $19.90 and its two-hundred day moving average is $31.80.

Trump Media & Technology Group (NASDAQ:DJT) last issued its earnings results on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $0.84 million during the quarter.

Insiders Place Their Bets

In other news, General Counsel Scott Glabe sold 4,083 shares of the business’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $92,684.10. Following the sale, the general counsel now owns 15,917 shares in the company, valued at approximately $361,315.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $92,684.10. Following the completion of the sale, the general counsel now owns 15,917 shares in the company, valued at approximately $361,315.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $1,928,160.70. Following the completion of the sale, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,138 shares of company stock worth $2,908,733 over the last three months. 14.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group during the third quarter worth $34,000. Avondale Wealth Management bought a new stake in Trump Media & Technology Group during the 3rd quarter worth about $64,000. CWM LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $66,000. Blue Trust Inc. bought a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $83,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $386,000. Institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

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.