Trump Media & Technology Group (NASDAQ:DJT) Shares Up 5.6% – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares rose 5.6% during trading on Tuesday . The company traded as high as $20.74 and last traded at $20.64. Approximately 1,718,947 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 15,938,206 shares. The stock had previously closed at $19.54.

Trump Media & Technology Group Trading Up 2.9 %

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 business’s 50 day moving average price is $26.03 and its 200-day moving average price is $28.90.

Insider Buying and Selling at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 21,059 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $20.50, for a total transaction of $431,709.50. Following the completion of the transaction, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. This represents a 8.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction dated Tuesday, March 11th. The shares were 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 owns 38,989 shares in the company, valued at approximately $763,014.73. This 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 currently owned by insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of hedge funds have recently made changes to their positions in DJT. Charles Schwab Investment Management Inc. bought a new stake in Trump Media & Technology Group in the third quarter worth about $9,564,000. The Manufacturers Life Insurance Company acquired a new stake in Trump Media & Technology Group during the third quarter valued at approximately $214,000. Public Employees Retirement System of Ohio bought a new stake in Trump Media & Technology Group during the third quarter worth approximately $336,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in Trump Media & Technology Group in the third quarter worth approximately $1,571,000. Finally, New York State Common Retirement Fund grew its position in Trump Media & Technology Group by 80.8% in the fourth quarter. New York State Common Retirement Fund now owns 38,700 shares of the company’s stock worth $1,320,000 after buying an additional 17,300 shares during the last quarter. Institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.