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 trading hands.
Trump Media & Technology Group Stock Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49. The business has a 50-day moving average price of $34.34 and a two-hundred day moving average price of $28.82.
Insider Activity at Trump Media & Technology Group
In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of the company's 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 completion of the sale, the general counsel now directly owns 336,576 shares of the company's stock, 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, CFO Phillip Juhan sold 64,000 shares of the business's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.97, for a total value of $2,110,080.00. Following the completion of the transaction, the chief financial officer now directly owns 265,798 shares in the company, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,100 shares of company stock valued at $16,274,894 in the last three months. 14.80% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. acquired a new position 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 in the third quarter worth $30,000. Tsfg LLC acquired 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. 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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