Investors Purchase Large Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of some unusual options trading activity on Monday. Stock traders acquired 323,897 call options on the stock. This represents an increase of approximately 66% compared to the typical volume of 195,143 call options.

Trump Media & Technology Group Stock Performance

DJT traded up $7.60 during trading on Monday, reaching $42.91. 45,392,218 shares of the company’s stock were exchanged, compared to its average volume of 11,727,302. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. The company’s fifty day moving average price is $33.53 and its 200-day moving average price is $28.53. Trump Media & Technology Group has a fifty-two week low of $11.75 and a fifty-two week high of $79.38.

Insider Activity at Trump Media & Technology Group

In related news, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction that occurred 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 sale, the general counsel now directly owns 336,576 shares in the company, valued at $10,834,381.44. This represents a 4.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Swider sold 136,183 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 536,100 shares of company stock worth $16,274,894. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tsfg LLC acquired a new stake in Trump Media & Technology Group in the fourth quarter valued at $31,000. Geode Capital Management LLC bought a new stake in Trump Media & Technology Group in the third quarter valued at approximately $17,650,000. Public Employees Retirement System of Ohio bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $336,000. State Street Corp bought a new stake in Trump Media & Technology Group in the 3rd quarter valued at $11,397,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Trump Media & Technology Group in the third quarter valued at $402,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.