Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report)'s share price fell 5.1% during trading on Wednesday following insider selling activity. The stock traded as low as $28.80 and last traded at $28.93. 12,187,319 shares were traded during mid-day trading, a decline of 23% from the average session volume of 15,778,028 shares. The stock had previously closed at $30.47.
Specifically, Director Eric Swider sold 136,183 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Phillip Juhan sold 64,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was 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 of the company's stock, valued at $8,763,360.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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 transaction, the chief financial officer now directly owns 329,798 shares of the company's stock, valued at $10,108,308.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Trump Media & Technology Group Price Performance
The business has a fifty day moving average of $24.61 and a 200-day moving average of $31.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49.
Hedge Funds Weigh In On Trump Media & Technology Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Greenwich Wealth Management LLC acquired a new stake in Trump Media & Technology Group in the third quarter worth approximately $10,946,000. Charles Schwab Investment Management Inc. acquired a new stake in Trump Media & Technology Group in the third quarter worth approximately $9,564,000. Sapient Capital LLC acquired a new stake in Trump Media & Technology Group in the third quarter worth approximately $2,339,000. Busey Bank acquired a new stake in Trump Media & Technology Group in the third quarter worth approximately $727,000. Finally, Creative Planning acquired a new stake in Trump Media & Technology Group in the third quarter worth approximately $538,000. 4.29% of the stock is owned by institutional investors.
Trump Media & Technology Group Company Profile
(
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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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