Trump Media & Technology Group (NASDAQ:DJT) Shares Down 5.1% on Insider Selling

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price was down 5.1% during mid-day trading on Wednesday following insider selling activity. The company traded as low as $28.80 and last traded at $28.93. Approximately 12,187,319 shares changed hands during trading, a decline of 23% from the average daily volume of 15,778,028 shares. The stock had previously closed at $30.47.

Specifically, Director Eric Swider sold 136,183 shares of Trump Media & Technology Group stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Phillip Juhan sold 64,000 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.97, for a total value of $2,110,080.00. Following the sale, the chief financial officer now owns 265,798 shares in the company, valued at $8,763,360.06. The trade was a 19.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In related news, CFO Phillip Juhan sold 320,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $30.65, for a total transaction of $9,808,000.00. Following the completion of the transaction, the chief financial officer now owns 329,798 shares in the company, valued at $10,108,308.70. The trade was a 49.25 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Trump Media & Technology Group Stock Down 6.7 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49. The stock has a 50 day moving average of $24.85 and a 200 day moving average of $31.79.

Hedge Funds Weigh In On Trump Media & Technology Group

Institutional investors have recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in Trump Media & Technology Group during the 3rd quarter worth $27,000. Larson Financial Group LLC bought a new stake in shares of Trump Media & Technology Group during the third quarter valued at about $30,000. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Trump Media & Technology Group during the third quarter valued at about $34,000. MetLife Investment Management LLC acquired a new stake in Trump Media & Technology Group in the third quarter worth about $43,000. Finally, Allworth Financial LP bought a new position in Trump Media & Technology Group in the 3rd quarter valued at about $48,000. 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.