Trump Media & Technology Group (NASDAQ:DJT) Trading Down 9.5% on Insider Selling

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) were down 9.5% on Tuesday after an insider sold shares in the company. The stock traded as low as $30.11 and last traded at $30.25. Approximately 14,119,774 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 15,732,683 shares. The stock had previously closed at $33.41.

Specifically, Director Eric Swider sold 136,183 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Phillip Juhan sold 64,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.97, for a total value of $2,110,080.00. Following the completion of the transaction, the chief financial officer now directly owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. This represents a 19.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Trump Media & Technology Group news, CFO Phillip Juhan sold 320,000 shares of the stock in a transaction on Friday, November 8th. The stock was sold at an average price of $30.65, for a total transaction of $9,808,000.00. Following the completion of the transaction, the chief financial officer now directly owns 329,798 shares of the company’s stock, valued at approximately $10,108,308.70. This represents a 49.25 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Trump Media & Technology Group Trading Down 6.7 %

The firm has a 50-day simple moving average of $24.85 and a 200-day simple moving average of $31.79. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Rakuten Securities Inc. bought a new position in Trump Media & Technology Group in the 3rd quarter worth $27,000. Larson Financial Group LLC bought a new position in Trump Media & Technology Group in the 3rd quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC bought a new position in Trump Media & Technology Group during the 3rd quarter valued at about $34,000. MetLife Investment Management LLC purchased a new stake in Trump Media & Technology Group in the third quarter worth approximately $43,000. Finally, Allworth Financial LP purchased a new position in Trump Media & Technology Group in the third quarter worth about $48,000. 4.29% of the stock is currently owned by institutional investors.

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.