Trump Media & Technology Group (NASDAQ:DJT) Shares Down 6.7% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares traded down 6.7% during trading on Monday . The company traded as low as $33.41 and last traded at $33.67. 2,659,290 shares changed hands during trading, a decline of 83% from the average session volume of 15,557,573 shares. The stock had previously closed at $36.08.

Trump Media & Technology Group Stock Down 4.3 %

The business’s fifty day moving average price is $34.20 and its 200 day moving average price is $28.46. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In related news, CFO Phillip Juhan sold 320,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 329,798 shares of the company’s stock, valued at approximately $10,108,308.70. This trade represents a 49.25 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the transaction, the general counsel now directly owns 336,576 shares in the company, valued at approximately $10,834,381.44. This represents a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 536,100 shares of company stock valued at $16,274,894. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Several institutional investors have recently made changes to their positions in DJT. Geode Capital Management LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $17,650,000. State Street Corp bought a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at $11,397,000. Greenwich Wealth Management LLC acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $10,946,000. Charles Schwab Investment Management Inc. bought a new stake in Trump Media & Technology Group during the 3rd quarter worth $9,564,000. Finally, Sapient Capital LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter worth about $2,339,000. 4.29% of the stock is currently owned by institutional investors.

About Trump Media & Technology Group

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.