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

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) was the target of some unusual options trading activity on Monday. Stock traders acquired 323,897 call options on the stock. This represents an increase of approximately 66% compared to the typical volume of 195,143 call options.

Trump Media & Technology Group Stock Performance

DJT traded up $7.60 during trading on Monday, reaching $42.91. 45,392,218 shares of the company's stock were exchanged, compared to its average volume of 11,727,302. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. The company's fifty day moving average price is $33.53 and its 200-day moving average price is $28.53. Trump Media & Technology Group has a fifty-two week low of $11.75 and a fifty-two week high of $79.38.

Insider Activity at Trump Media & Technology Group

In related news, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the sale, the general counsel now directly owns 336,576 shares in the company, valued at $10,834,381.44. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Swider sold 136,183 shares of the business's stock in a transaction on 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. Over the last 90 days, insiders sold 536,100 shares of company stock worth $16,274,894. Company insiders own 14.80% of the company's stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tsfg LLC acquired a new stake in Trump Media & Technology Group in the fourth quarter valued at $31,000. Geode Capital Management LLC bought a new stake in Trump Media & Technology Group in the third quarter valued at approximately $17,650,000. Public Employees Retirement System of Ohio bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $336,000. State Street Corp bought a new stake in Trump Media & Technology Group in the 3rd quarter valued at $11,397,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Trump Media & Technology Group in the third quarter valued at $402,000. 4.29% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.