Stock Traders Buy High Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the recipient of some unusual options trading activity on Friday. Traders purchased 39,493 call options on the stock. This represents an increase of 91% compared to the average daily volume of 20,721 call options.

Trump Media & Technology Group Trading Up 0.3%

NASDAQ DJT opened at $9.66 on Friday. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of -2.34 and a beta of 4.10. Trump Media & Technology Group has a twelve month low of $6.96 and a twelve month high of $20.92. The stock has a 50-day moving average of $8.41 and a 200 day moving average of $10.10.

Trending Headlines about Trump Media & Technology Group

Here are the key news stories impacting Trump Media & Technology Group this week:

• Positive Sentiment: Trump Media launched Truth API, a paid feed aimed at Wall Street firms and other institutions that want the fastest access to Truth Social posts, potentially opening a new subscription-based revenue source. Trump Media unveils data feed for businesses tracking Truth Social posts
• Positive Sentiment: The company says the service could give paying firms an edge on market-moving posts, suggesting stronger monetization potential for Truth Social traffic and higher investor interest in the platform’s data business. Trump Media to Sell Faster Access to President’s Social Posts
• Neutral Sentiment: Several outlets reported the same plan, including that institutional clients may pay a monthly fee for the “fastest” access to Trump’s posts, reinforcing the idea that the announcement is the main catalyst for trading in DJT. Truth Social launches service to give Wall Street traders an edge with real-time service
• Neutral Sentiment: Unusually heavy call-option buying also points to speculative interest in the stock around the news, though that activity does not by itself confirm a fundamental improvement.
• Negative Sentiment: Critics are focusing on the optics and potential conflicts of selling faster access to the president’s posts, which could draw regulatory scrutiny and limit enthusiasm among some investors. Opinion | Trump and Truth Social

Institutional Trading of Trump Media & Technology Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Motiv8 Investments LLC purchased a new position in shares of Trump Media & Technology Group during the 4th quarter valued at approximately $30,000. Global Assets Advisory LLC purchased a new stake in Trump Media & Technology Group in the 1st quarter worth $34,000. Root Financial Partners LLC increased its holdings in Trump Media & Technology Group by 44,011.1% in the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock worth $37,000 after acquiring an additional 3,961 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Trump Media & Technology Group during the fourth quarter worth $40,000. Finally, Larson Financial Group LLC raised its position in Trump Media & Technology Group by 70.7% during the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after acquiring an additional 1,286 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.