Trump Media & Technology Group (NASDAQ:DJT) Sees Unusually-High Trading Volume – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares saw strong trading volume on Monday . 23,040,030 shares traded hands during mid-day trading, an increase of 48% from the previous session’s volume of 15,588,650 shares.The stock last traded at $32.61 and had previously closed at $31.91.

Trump Media & Technology Group Stock Down 8.8 %

The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $24.61 and its 200-day moving average price is $31.81.

Insider Buying and Selling

In other news, CFO Phillip Juhan sold 64,000 shares of the company’s stock in a transaction on Monday, November 11th. The stock was 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 of the company’s stock, valued at $8,763,360.06. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Phillip Juhan sold 64,000 shares of the business’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 sale, the chief financial officer now owns 265,798 shares in the company, valued at $8,763,360.06. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Scott Glabe sold 15,917 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $32.19, for a total value of $512,368.23. Following the transaction, the general counsel now directly owns 336,576 shares in the company, valued at $10,834,381.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 664,238 shares of company stock valued at $19,183,627 over the last three months. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Lincoln Capital Corp bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at approximately $323,000. Greenwich Wealth Management LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter worth $10,946,000. Sapient Capital LLC bought a new position in Trump Media & Technology Group during the third quarter worth $2,339,000. Vontobel Holding Ltd. bought a new position in Trump Media & Technology Group during the third quarter worth $386,000. Finally, Creative Planning acquired a new position in Trump Media & Technology Group during the 3rd quarter valued at $538,000. 4.29% of the stock is 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.