Stock Traders Purchase Large Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of unusually large options trading activity on Tuesday. Investors purchased 129,662 call options on the company. This represents an increase of approximately 30% compared to the typical volume of 99,912 call options.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $78,700.90. Following the sale, the chief operating officer now owns 16,533 shares in the company, valued at $375,299.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Vladimir Novachki sold 7,801 shares of Trump Media & Technology Group stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the sale, the chief technology officer now owns 37,199 shares in the company, valued at approximately $844,417.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew Northwall sold 3,467 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $78,700.90. Following the completion of the sale, the chief operating officer now directly owns 16,533 shares in the company, valued at approximately $375,299.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,138 shares of company stock worth $2,908,733 in the last 90 days. Insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of hedge funds have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in Trump Media & Technology Group in the 3rd quarter valued at about $34,000. Avondale Wealth Management purchased a new position in Trump Media & Technology Group in the third quarter worth approximately $64,000. CWM LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $66,000. Creative Planning purchased a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at approximately $538,000. Finally, Sapient Capital LLC acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at $2,339,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Price Performance

Shares of DJT stock traded down $2.89 on Tuesday, hitting $27.06. The stock had a trading volume of 98,873,153 shares, compared to its average volume of 9,002,861. The company’s 50 day moving average price is $19.65 and its 200-day moving average price is $32.34. Trump Media & Technology Group has a 1 year low of $11.75 and a 1 year high of $79.38.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings results on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.84 million for the quarter.

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.