Trump Media & Technology Group Sees Unusually Large Options Volume (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the recipient of some unusual options trading activity on Monday. Traders bought 323,897 call options on the company. This is an increase of 66% compared to the average volume of 195,143 call options.

Trump Media & Technology Group Price Performance

Shares of Trump Media & Technology Group stock opened at $39.35 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. Trump Media & Technology Group has a 1 year low of $11.75 and a 1 year high of $79.38. The company’s fifty day moving average is $33.81 and its two-hundred day moving average is $28.62.

Insider Activity at Trump Media & Technology Group

In other news, Director Eric Swider sold 136,183 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $28.23, for a total transaction of $3,844,446.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Phillip Juhan sold 64,000 shares of Trump Media & Technology Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the completion of the transaction, the chief financial officer now directly owns 265,798 shares in the company, valued at $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 536,100 shares of company stock valued at $16,274,894 in the last ninety days. Insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds have recently made changes to their positions in DJT. Geode Capital Management LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at about $17,650,000. State Street Corp acquired a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $11,397,000. Greenwich Wealth Management LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter worth approximately $10,946,000. Charles Schwab Investment Management Inc. acquired a new stake in shares of Trump Media & Technology Group during the third quarter worth $9,564,000. Finally, Sapient Capital LLC purchased a new position in Trump Media & Technology Group in the 3rd quarter valued at $2,339,000. 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.