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Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up - Here's Why

Trump Media & Technology Group logo with Computer and Technology background

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) gapped up prior to trading on Thursday . The stock had previously closed at $40.83, but opened at $42.35. Trump Media & Technology Group shares last traded at $41.30, with a volume of 3,658,508 shares traded.

Trump Media & Technology Group Trading Down 2.4 %

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 business's 50-day simple moving average is $34.17 and its 200 day simple moving average is $28.79.

Insider Buying and Selling at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 320,000 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was 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 of the company's stock, valued at approximately $10,108,308.70. This trade represents a 49.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Swider sold 136,183 shares of the company's stock in a transaction dated Friday, November 8th. The shares were 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. In the last quarter, insiders have sold 536,100 shares of company stock worth $16,274,894. 14.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rakuten Securities Inc. purchased 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 Trump Media & Technology Group in the 3rd quarter valued at about $30,000. Tsfg LLC purchased a new position in Trump Media & Technology Group in the 4th quarter valued at about $31,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth about $34,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter worth about $43,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

About Trump Media & Technology Group

(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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