Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Here’s Why

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Wednesday . The stock had previously closed at $51.51, but opened at $47.53. Trump Media & Technology Group shares last traded at $47.04, with a volume of 16,839,817 shares trading hands.

Trump Media & Technology Group Stock Down 11.7 %

The company has a fifty day moving average price of $22.70 and a two-hundred day moving average price of $31.86.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $0.84 million for the quarter.

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the transaction, the chief operating officer now owns 16,533 shares in the company, valued at approximately $375,299.10. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the completion of the sale, the chief financial officer now owns 405,059 shares in the company, valued at $9,194,839.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew Northwall sold 3,467 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the transaction, the chief operating officer now owns 16,533 shares in the company, valued at $375,299.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 128,138 shares of company stock worth $2,908,733 over the last 90 days. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Trump Media & Technology Group in the third quarter valued at $34,000. Allworth Financial LP acquired a new position in Trump Media & Technology Group during the third quarter worth about $48,000. Amalgamated Bank purchased a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $58,000. Avondale Wealth Management acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $64,000. Finally, CWM LLC purchased a new stake in Trump Media & Technology Group in the 3rd quarter valued at approximately $66,000. 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.