Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT – Get Free Report) dropped 8.8% during mid-day trading on Friday . The stock traded as low as $31.56 and last traded at $32.24. Approximately 32,235,012 shares traded hands during trading, an increase of 155% from the average daily volume of 12,624,368 shares. The stock had previously closed at $35.34.
Trump Media & Technology Group Stock Performance
The business’s fifty day moving average price is $22.70 and its 200 day moving average price is $31.86.
Trump Media & Technology Group (NASDAQ:DJT – Get Free Report) last announced its earnings results on Friday, August 9th. The company reported ($0.10) EPS for the quarter. The business had revenue of $0.84 million during the quarter.
Insider Activity at Trump Media & Technology Group
Institutional Trading of Trump Media & Technology Group
Several hedge funds have recently modified their holdings of the stock. Amalgamated Bank bought a new position in Trump Media & Technology Group during the third quarter worth $58,000. Greenwich Wealth Management LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $10,946,000. US Bancorp DE acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at about $76,000. Allworth Financial LP bought a new stake in Trump Media & Technology Group in the 3rd quarter valued at about $48,000. Finally, Lincoln Capital Corp acquired a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $323,000. Institutional investors own 4.29% of the company’s stock.
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.
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