Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Time to Sell?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Friday . The stock had previously closed at $35.41, but opened at $34.11. Trump Media & Technology Group shares last traded at $33.34, with a volume of 1,588,161 shares changing hands.

Trump Media & Technology Group Price Performance

The stock has a 50-day moving average of $33.56 and a 200 day moving average of $28.82. 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 other Trump Media & Technology Group news, Director Eric Swider sold 136,183 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Phillip Juhan sold 320,000 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the transaction, the chief financial officer now directly owns 329,798 shares in the company, valued at $10,108,308.70. This represents a 49.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 536,100 shares of company stock worth $16,274,894 in the last quarter. 14.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC bought a new position in Trump Media & Technology Group during the third quarter worth about $17,650,000. State Street Corp bought a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $11,397,000. Greenwich Wealth Management LLC purchased a new position in Trump Media & Technology Group in the 3rd quarter valued at approximately $10,946,000. Charles Schwab Investment Management Inc. bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at $9,564,000. Finally, Sapient Capital LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter worth $2,339,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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.