Trump Media & Technology Group (NASDAQ:DJT) Trading Down 7.2% – Should You Sell?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) were down 7.2% on Tuesday . The stock traded as low as $29.10 and last traded at $30.43. Approximately 10,478,415 shares were traded during trading, a decline of 34% from the average daily volume of 15,968,917 shares. The stock had previously closed at $32.78.

Trump Media & Technology Group Stock Down 9.0 %

The stock has a fifty day moving average of $25.56 and a 200-day moving average of $31.29. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 64,000 shares of the firm’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 transaction of $2,110,080.00. Following the completion of the sale, the chief financial officer now directly owns 265,798 shares in the company, valued at $8,763,360.06. This trade represents a 19.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Andrew Northwall sold 3,467 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $78,700.90. Following the sale, the chief operating officer now directly owns 16,533 shares of the company’s stock, valued at $375,299.10. This represents a 17.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 664,238 shares of company stock valued at $19,183,627 in the last 90 days. 14.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $17,650,000. Public Employees Retirement System of Ohio bought a new position in Trump Media & Technology Group in the third quarter valued at about $336,000. State Street Corp acquired a new position in Trump Media & Technology Group during the third quarter worth about $11,397,000. Janus Henderson Group PLC bought a new position in shares of Trump Media & Technology Group in the third quarter worth about $402,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at approximately $1,571,000. 4.29% of the stock is 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.