Trump Media & Technology Group (NASDAQ:DJT) Shares Up 7% – Should You Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) rose 7% during mid-day trading on Wednesday . The company traded as high as $21.38 and last traded at $21.50. Approximately 1,163,370 shares changed hands during trading, a decline of 93% from the average daily volume of 16,569,084 shares. The stock had previously closed at $20.09.

Trump Media & Technology Group Trading Down 2.7 %

The firm has a fifty day simple moving average of $28.72 and a 200 day simple moving average of $28.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

Insiders Place Their Bets

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the transaction, the director now owns 38,989 shares of the company’s stock, valued at $763,014.73. This represents a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the completion of the sale, the chief financial officer now directly owns 220,577 shares in the company, valued at $4,521,828.50. This represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Large investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Trump Media & Technology Group by 180.3% in the fourth quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock worth $307,136,000 after buying an additional 5,793,934 shares in the last quarter. Geode Capital Management LLC purchased a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $17,650,000. State Street Corp acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $11,397,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $9,564,000. Finally, Melqart Asset Management UK Ltd acquired a new stake in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $18,725,000. 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. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.