Trump Media & Technology Group (NASDAQ:DJT) Trading 7% Higher – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares rose 7% during trading on Wednesday . The company traded as high as $21.38 and last traded at $21.50. Approximately 1,163,370 shares changed hands during trading, a decline of 93% from the average daily volume of 16,569,084 shares. The stock had previously closed at $20.09.

Trump Media & Technology Group Price Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49. The company has a 50-day moving average price of $29.29 and a two-hundred day moving average price of $28.71.

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This represents a 11.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 220,577 shares of the company’s stock, valued at $4,521,828.50. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

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

About Trump Media & Technology Group

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.