Trump Media & Technology Group (NASDAQ:DJT) Sees Strong Trading Volume – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares saw strong trading volume on Monday . 9,438,064 shares changed hands during trading, an increase of 53% from the previous session’s volume of 6,176,356 shares.The stock last traded at $39.17 and had previously closed at $35.31.

Trump Media & Technology Group Stock Performance

The business has a 50 day simple moving average of $33.53 and a two-hundred day simple moving average of $28.53. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $28.23, for a total transaction of $3,844,446.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Scott Glabe sold 15,917 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $32.19, for a total value of $512,368.23. Following the completion of the transaction, the general counsel now directly owns 336,576 shares in the company, valued at $10,834,381.44. This trade represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 536,100 shares of company stock worth $16,274,894 in the last 90 days. 14.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC acquired a new stake in Trump Media & Technology Group in the third quarter valued at approximately $17,650,000. Public Employees Retirement System of Ohio purchased a new position in shares of Trump Media & Technology Group in the third quarter valued at $336,000. State Street Corp acquired a new stake in Trump Media & Technology Group during the 3rd quarter valued at $11,397,000. Janus Henderson Group PLC purchased a new stake in Trump Media & Technology Group during the 3rd quarter worth $402,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter worth $1,571,000. 4.29% of the stock is currently owned by hedge funds and other 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.