Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares gapped down before the market opened on Tuesday . The stock had previously closed at $40.03, but opened at $37.59. Trump Media & Technology Group shares last traded at $34.65, with a volume of 9,186,814 shares traded.

Trump Media & Technology Group Trading Down 8.9 %

The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $34.47 and its 200-day simple moving average is $28.86.

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $32.19, for a total value of $512,368.23. Following the sale, the general counsel now owns 336,576 shares in the company, valued at approximately $10,834,381.44. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip Juhan sold 64,000 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was 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. This represents a 19.41 % 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 90 days. 14.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Institutional investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC acquired a new position in Trump Media & Technology Group in the third quarter worth approximately $17,650,000. State Street Corp purchased a new position in Trump Media & Technology Group during the 3rd quarter valued at about $11,397,000. Greenwich Wealth Management LLC acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth approximately $10,946,000. Charles Schwab Investment Management Inc. purchased a new position in Trump Media & Technology Group during the third quarter valued at approximately $9,564,000. Finally, Sapient Capital LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at approximately $2,339,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.