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Rep. Morgan McGarvey Buys Trump Media & Technology Group Corp. (NASDAQ:DJT) Shares

Trump Media & Technology Group logo with Computer and Technology background

Representative Morgan McGarvey (D-Kentucky) recently bought shares of Trump Media & Technology Group Corp. NASDAQ: DJT. In a filing disclosed on December 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Trump Media & Technology Group stock on November 6th. The trade occurred in the Representative's "CHRIS IRA" account.

Representative Morgan McGarvey also recently made the following trade(s):

  • Sold $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of Shell NYSE: SHEL on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of Interactive Brokers Group NASDAQ: IBKR on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of Charles Schwab NYSE: SCHW on 11/13/2024.
  • Sold $15,001 - $50,000 in shares of NVIDIA NASDAQ: NVDA on 11/13/2024.
  • Sold $1,001 - $15,000 in shares of Trump Media & Technology Group NASDAQ: DJT on 11/8/2024.
  • Purchased $1,001 - $15,000 in shares of Tesla NASDAQ: TSLA on 10/25/2024.

Trump Media & Technology Group Price Performance

NASDAQ DJT traded down $0.03 during trading on Thursday, reaching $36.20. The company's stock had a trading volume of 15,771,404 shares, compared to its average volume of 15,866,630. The business's fifty day moving average price is $31.72 and its 200-day moving average price is $29.47. Trump Media & Technology Group Corp. has a twelve month low of $11.75 and a twelve month high of $79.38. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Trump Media & Technology Group

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

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $32.19, for a total value of $512,368.23. Following the completion of the transaction, the general counsel now owns 336,576 shares in the company, valued at approximately $10,834,381.44. This represents a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Phillip Juhan sold 64,000 shares of the business's stock in a transaction on 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 sale, the chief financial officer now owns 265,798 shares in the company, valued at $8,763,360.06. The trade was 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 worth $16,274,894 over the last 90 days. Company insiders own 14.80% of the company's stock.

About Representative McGarvey

Morgan McGarvey (Democratic Party) is a member of the U.S. House, representing Kentucky's 3rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. McGarvey (Democratic Party) is running for re-election to the U.S. House to represent Kentucky's 3rd Congressional District. He declared candidacy for the Democratic primary scheduled on May 21, 2024. McGarvey served as state Senate minority leader from 2019 to 2023. Morgan McGarvey was born in Louisville, Kentucky. McGarvey earned a bachelor's degree in journalism from the University of Missouri and a law degree from the University of Kentucky. His career experience includes working as an attorney with Morgan & Pottinger PSC. McGarvey has been affiliated with the Young Professionals Association of Louisville and the New Leaders Council.

Trump Media & Technology Group Company Profile

(Get Free Report)

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.

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