Trump Media & Technology Group (NASDAQ:DJT) Stock Price Down 8.8% – What’s Next?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) 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) 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

In other news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $177,082.70. Following the completion of the sale, the chief technology officer now directly owns 37,199 shares in the company, valued at $844,417.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CTO Vladimir Novachki sold 7,801 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the transaction, the chief technology officer now directly owns 37,199 shares of the company’s stock, valued at $844,417.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $92,684.10. Following the sale, the general counsel now owns 15,917 shares in the company, valued at approximately $361,315.90. 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 worth $2,908,733 over the last ninety days. Insiders own 14.80% of the company’s stock.

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.