Trump Media & Technology Group (NASDAQ:DJT) Shares Up 15.3% – Here’s Why

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) traded up 15.3% on Monday . The company traded as high as $46.93 and last traded at $44.91. 50,868,614 shares traded hands during trading, an increase of 380% from the average session volume of 10,599,063 shares. The stock had previously closed at $38.95.

Trump Media & Technology Group Stock Performance

The business has a 50-day moving average of $21.02 and a two-hundred day moving average of $31.54.

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

Insider Transactions at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $1,928,160.70. Following the transaction, the chief financial officer now owns 405,059 shares in the company, valued at $9,194,839.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $1,928,160.70. Following the completion of the transaction, the chief financial officer now owns 405,059 shares in the company, valued at $9,194,839.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Vladimir Novachki sold 7,801 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $177,082.70. Following the sale, the chief technology officer now owns 37,199 shares in the company, valued at approximately $844,417.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,138 shares of company stock valued at $2,908,733. Corporate insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Several large investors have recently made changes to their positions in DJT. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter worth about $34,000. Allworth Financial LP purchased a new stake in Trump Media & Technology Group in the 3rd quarter worth approximately $48,000. Avondale Wealth Management purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at approximately $64,000. CWM LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $66,000. Finally, US Bancorp DE acquired a new stake in Trump Media & Technology Group during the third quarter valued at $76,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

About Trump Media & Technology Group

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.