Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Should You Sell?

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 trading hands.

Trump Media & Technology Group Price Performance

The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The business has a fifty day moving average price of $34.47 and a 200 day moving average price of $28.86.

Insider Transactions at Trump Media & Technology Group

In related news, Director Eric Swider sold 136,183 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $32.19, for a total value of $512,368.23. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 536,100 shares of company stock worth $16,274,894 in the last three months. 14.80% of the stock is currently owned by company insiders.

Institutional Trading of Trump Media & Technology Group

A number of hedge funds have recently made changes to their positions in DJT. CWM LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter worth $66,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group in the third quarter worth about $34,000. Avondale Wealth Management acquired a new stake in Trump Media & Technology Group during the third quarter valued at approximately $64,000. Sapient Capital LLC bought a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $2,339,000. Finally, Creative Planning acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $538,000. Institutional investors and hedge funds 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.