Trump Media & Technology Group (NASDAQ:DJT) Sees Large Volume Increase

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares saw unusually-high trading volume on Monday . Approximately 3,234,747 shares traded hands during mid-day trading, a decline of 52% from the previous session’s volume of 6,776,169 shares.The stock last traded at $17.58 and had previously closed at $17.97.

Trump Media & Technology Group Stock Down 3.7 %

The company has a 50-day moving average price of $25.16.

Trump Media & Technology Group (NASDAQ:DJT) last announced its quarterly earnings results on Friday, August 9th. The company reported ($0.10) earnings per share (EPS) for the quarter. The company had revenue of $0.84 million during the quarter.

Insider Transactions at Trump Media & Technology Group

In other news, CEO Devin G. Nunes sold 27,846 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $632,104.20. Following the transaction, the chief executive officer now directly owns 87,154 shares of the company’s stock, valued at approximately $1,978,395.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Andrew Northwall sold 3,467 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the completion of the sale, the chief operating officer now owns 16,533 shares in the company, valued at $375,299.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Devin G. Nunes sold 27,846 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $632,104.20. Following the completion of the transaction, the chief executive officer now owns 87,154 shares in the company, valued at $1,978,395.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,138 shares of company stock worth $2,908,733. Corporate insiders own 14.80% 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.