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 $22.87, but opened at $22.20. Trump Media & Technology Group shares last traded at $21.53, with a volume of 1,113,320 shares traded.

Trump Media & Technology Group Stock Down 6.3 %

The company has a 50-day simple moving average of $27.65 and a 200-day simple moving average of $28.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33.

Insider Activity at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $20.50, for a total transaction of $431,709.50. Following the transaction, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Eric Swider sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the sale, the director now directly owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Several large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in Trump Media & Technology Group by 180.3% in the fourth quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock worth $307,136,000 after buying an additional 5,793,934 shares in the last quarter. Geode Capital Management LLC raised its stake in Trump Media & Technology Group by 35.2% in the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock worth $50,630,000 after acquiring an additional 386,227 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after purchasing an additional 193,563 shares during the period. State Street Corp acquired a new stake in Trump Media & Technology Group during the 3rd quarter worth about $11,397,000. Finally, Melqart Asset Management UK Ltd acquired a new position in Trump Media & Technology Group in the fourth quarter valued at approximately $18,725,000. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

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.