Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Here’s Why

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares gapped down prior to trading on Tuesday . The stock had previously closed at $40.03, but opened at $37.59. Trump Media & Technology Group shares last traded at $34.65, with a volume of 9,186,814 shares.

Trump Media & Technology Group Stock Down 0.2 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49. The stock has a 50-day simple moving average of $34.66 and a 200-day simple moving average of $28.94.

Trump Media & Technology Group (NASDAQ:DJT) last issued its earnings results on Tuesday, November 5th. The company reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $1.01 million during the quarter.

Insider Activity at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 64,000 shares of the business’s 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 transaction, the chief financial officer now directly owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Scott Glabe sold 15,917 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the transaction, the general counsel now owns 336,576 shares in the company, valued at $10,834,381.44. This represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 536,100 shares of company stock worth $16,274,894. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. acquired a new stake in Trump Media & Technology Group during the third quarter worth about $9,564,000. Lincoln Capital Corp bought a new position in shares of Trump Media & Technology Group during the third quarter valued at approximately $323,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $214,000. Greenwich Wealth Management LLC bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $10,946,000. Finally, Sapient Capital LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter valued at approximately $2,339,000. 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.