Trump Media & Technology Group (NASDAQ:DJT) Trading Down 7.2% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price was down 7.2% during trading on Tuesday . The stock traded as low as $29.10 and last traded at $30.43. Approximately 10,478,415 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 15,968,917 shares. The stock had previously closed at $32.78.

Trump Media & Technology Group Stock Performance

The firm has a fifty day moving average of $26.05 and a 200 day moving average of $31.16. The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 64,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the transaction, the chief financial officer now owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. This trade represents a 19.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric Swider sold 136,183 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The disclosure for this sale can be found here. Insiders have sold 536,100 shares of company stock valued at $16,274,894 over the last quarter. 14.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds have recently made changes to their positions in DJT. Geode Capital Management LLC acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth about $17,650,000. State Street Corp acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth about $11,397,000. Greenwich Wealth Management LLC acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth about $10,946,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth about $9,564,000. Finally, Sapient Capital LLC acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth about $2,339,000. Institutional investors and hedge funds 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.