Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 9,438,064 shares changed hands during mid-day trading, an increase of 53% from the previous session's volume of 6,176,356 shares.The stock last traded at $39.17 and had previously closed at $35.31.
Trump Media & Technology Group Trading Up 21.5 %
The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock's fifty day simple moving average is $33.70 and its 200-day simple moving average is $28.57.
Insider Buying and Selling
In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $32.19, for a total value of $512,368.23. Following the transaction, the general counsel now owns 336,576 shares in the company, valued at approximately $10,834,381.44. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Eric Swider sold 136,183 shares of Trump Media & Technology Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $28.23, for a total transaction of $3,844,446.09. The disclosure for this sale can be found here. Insiders have sold a total of 536,100 shares of company stock valued at $16,274,894 over the last quarter. Corporate insiders own 14.80% of the company's stock.
Hedge Funds Weigh In On Trump Media & Technology Group
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $9,564,000. Lincoln Capital Corp acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $323,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $214,000. Greenwich Wealth Management LLC acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $10,946,000. Finally, Sapient Capital LLC acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $2,339,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.
About Trump Media & Technology Group
(
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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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