Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) shares fell 6.7% during trading on Monday . The company traded as low as $33.41 and last traded at $33.67. 2,659,290 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 15,557,573 shares. The stock had previously closed at $36.08.
Trump Media & Technology Group Stock Performance
The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $34.20 and a two-hundred day moving average of $28.46.
Insider Buying and Selling
In related news, 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 value of $3,844,446.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Phillip Juhan sold 320,000 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the sale, the chief financial officer now owns 329,798 shares in the company, valued at $10,108,308.70. The trade was a 49.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 536,100 shares of company stock worth $16,274,894 in the last ninety days. Company insiders own 14.80% of the company's stock.
Hedge Funds Weigh In On Trump Media & Technology Group
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC acquired a new position in shares of Trump Media & Technology Group during the third quarter valued at about $30,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $34,000. MetLife Investment Management LLC acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at about $43,000. Finally, Allworth Financial LP acquired a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $48,000. Institutional investors and hedge funds own 4.29% of the company's stock.
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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