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 Wednesday . The stock had previously closed at $22.87, but opened at $22.20. Trump Media & Technology Group shares last traded at $21.53, with a volume of 1,113,320 shares changing hands.

Trump Media & Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The firm has a 50 day simple moving average of $26.84 and a two-hundred day simple moving average of $28.71.

Insider Activity

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the transaction, the director now directly owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This trade represents a 11.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group stock in a transaction on Monday, March 10th. The shares were sold at an average price of $20.50, for a total value of $431,709.50. Following the transaction, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Institutional investors have recently modified their holdings of the company. GeoWealth Management LLC boosted its position in shares of Trump Media & Technology Group by 41,550.0% during the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock valued at $28,000 after purchasing an additional 831 shares in the last quarter. Tsfg LLC bought a new stake in Trump Media & Technology Group during the fourth quarter worth approximately $31,000. Glass Jacobson Investment Advisors llc grew its position in Trump Media & Technology Group by 350.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock worth $31,000 after buying an additional 701 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Trump Media & Technology Group in the fourth quarter valued at $34,000. Finally, AlphaQuest LLC lifted its position in shares of Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock valued at $40,000 after acquiring an additional 681 shares during the last quarter. Institutional investors and hedge funds own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.