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

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of some unusual options trading on Monday. Stock traders purchased 323,897 call options on the stock. This represents an increase of 66% compared to the average daily volume of 195,143 call options.

Insider Activity at Trump Media & Technology Group

In related news, CFO Phillip Juhan sold 320,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now owns 329,798 shares in the company, valued at approximately $10,108,308.70. This trade represents a 49.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the sale, the general counsel now owns 336,576 shares in the company, valued at $10,834,381.44. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 536,100 shares of company stock worth $16,274,894 in the last ninety days. 14.80% of the stock is owned by company insiders.

Institutional Trading of Trump Media & Technology Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Tsfg LLC bought a new position in Trump Media & Technology Group in the fourth quarter valued at about $31,000. Rakuten Securities Inc. bought a new stake in Trump Media & Technology Group during the 3rd quarter worth approximately $27,000. Larson Financial Group LLC acquired a new position in shares of Trump Media & Technology Group during the third quarter worth $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Trump Media & Technology Group in the third quarter valued at $34,000. Finally, MetLife Investment Management LLC bought a new position in Trump Media & Technology Group during the 3rd quarter worth $43,000. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Trading Up 21.5 %

DJT traded up $7.60 during trading on Monday, hitting $42.91. 45,392,218 shares of the stock traded hands, compared to its average volume of 11,727,302. The business has a 50 day moving average price of $33.53 and a 200 day moving average price of $28.53. Trump Media & Technology Group has a twelve month low of $11.75 and a twelve month high of $79.38. The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01.

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.