Trump Media & Technology Group (NASDAQ:DJT) Trading Down 5.5% - Here's Why

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report)'s stock price traded down 5.5% during mid-day trading on Thursday . The stock traded as low as $26.76 and last traded at $27.35. 10,413,353 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 15,796,752 shares. The stock had previously closed at $28.93.

Trump Media & Technology Group Stock Down 4.1 %

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 stock has a 50 day simple moving average of $24.85 and a 200-day simple moving average of $31.79.

Insider Activity at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 64,000 shares of the company's stock in a transaction 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 owns 265,798 shares of the company's stock, valued at approximately $8,763,360.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Phillip Juhan sold 64,000 shares of the business's stock in a transaction 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 transaction, the chief financial officer now owns 265,798 shares of the company's stock, valued at approximately $8,763,360.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Devin G. Nunes sold 27,846 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $632,104.20. Following the transaction, the chief executive officer now directly owns 87,154 shares of the company's stock, valued at $1,978,395.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 664,238 shares of company stock worth $19,183,627. Corporate insiders own 14.80% of the company's stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently made changes to their positions in DJT. Greenwich Wealth Management LLC bought a new position in shares of Trump Media & Technology Group in the third quarter worth about $10,946,000. Charles Schwab Investment Management Inc. purchased a new position in shares of Trump Media & Technology Group during the third quarter worth approximately $9,564,000. Sapient Capital LLC bought a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $2,339,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Trump Media & Technology Group in the third quarter worth approximately $1,571,000. Finally, Busey Bank bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at $727,000. Hedge funds and other institutional investors own 4.29% of the company's stock.

Trump Media & Technology Group Company Profile

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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