Trump Media & Technology Group (NASDAQ:DJT) Shares Down 10.8% – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price dropped 10.8% during trading on Thursday . The stock traded as low as $34.41 and last traded at $35.70. Approximately 49,952,152 shares traded hands during trading, an increase of 305% from the average daily volume of 12,337,795 shares. The stock had previously closed at $40.03.

Trump Media & Technology Group Stock Down 13.5 %

The business has a fifty day moving average of $22.85 and a two-hundred day moving average of $31.89.

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

Insider Buying and Selling at Trump Media & Technology Group

In other news, COO Andrew Northwall sold 3,467 shares of the 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 sale, the chief operating officer now directly owns 16,533 shares in the company, valued at $375,299.10. This represents 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, COO Andrew Northwall sold 3,467 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the sale, the chief operating officer now owns 16,533 shares of the company’s stock, valued at $375,299.10. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Devin G. Nunes sold 27,846 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 transaction of $632,104.20. Following the completion of the transaction, the chief executive officer now directly owns 87,154 shares of the company’s stock, valued at $1,978,395.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock valued at $2,908,733 over the last quarter. Corporate insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

A number of hedge funds have recently bought and sold shares of DJT. Moisand Fitzgerald Tamayo LLC acquired a new stake in Trump Media & Technology Group in the 3rd quarter worth about $34,000. Allworth Financial LP acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth approximately $48,000. Amalgamated Bank purchased a new stake in Trump Media & Technology Group in the third quarter valued at approximately $58,000. Avondale Wealth Management acquired a new position in Trump Media & Technology Group during the third quarter worth approximately $64,000. Finally, CWM LLC acquired a new position in Trump Media & Technology Group during the third quarter worth approximately $66,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

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.