Trump Media & Technology Group (NASDAQ:DJT) Trading Up 4.5% - What's Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) was up 4.5% during mid-day trading on Tuesday . The stock traded as high as $20.09 and last traded at $19.78. Approximately 2,061,211 shares were traded during trading, a decline of 87% from the average daily volume of 15,930,385 shares. The stock had previously closed at $18.93.

Trump Media & Technology Group Stock Up 11.7 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. The stock's fifty day moving average is $22.00 and its 200 day moving average is $29.16.

Insider Activity

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction on Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the completion of the transaction, the chief financial officer now directly owns 220,577 shares of the company's stock, valued at $4,521,828.50. The trade was a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Eric Swider sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the sale, the director now directly owns 38,989 shares in the company, valued at approximately $763,014.73. This represents a 11.37 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 53.00% of the company's stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of DJT. Wealth Enhancement Advisory Services LLC grew its position in Trump Media & Technology Group by 119.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,815 shares of the company's stock valued at $289,000 after acquiring an additional 8,075 shares during the last quarter. Horizon Wealth Management LLC purchased a new position in Trump Media & Technology Group in the 1st quarter worth about $195,000. Avondale Wealth Management lifted its holdings in Trump Media & Technology Group by 66.7% during the 1st quarter. Avondale Wealth Management now owns 5,000 shares of the company's stock valued at $98,000 after buying an additional 2,000 shares in the last quarter. Parallel Advisors LLC grew its stake in Trump Media & Technology Group by 93.8% in the 1st quarter. Parallel Advisors LLC now owns 2,391 shares of the company's stock worth $47,000 after acquiring an additional 1,157 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Trump Media & Technology Group by 1,854.1% during the first quarter. GAMMA Investing LLC now owns 10,806 shares of the company's stock worth $211,000 after acquiring an additional 10,253 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.