Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $21.01, but opened at $22.85. Trump Media & Technology Group shares last traded at $22.96, with a volume of 6,051,700 shares changing hands.

Trump Media & Technology Group Trading Up 9.0 %

The stock’s fifty day moving average price is $27.98 and its 200 day moving average price is $28.78. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In other news, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the transaction, the director now directly owns 38,989 shares in the company, valued at $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $20.50, for a total transaction of $431,709.50. Following the completion of the transaction, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. The trade was a 8.72 % decrease in their position. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DJT. Vanguard Group Inc. grew its holdings in shares of Trump Media & Technology Group by 180.3% during the fourth quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock valued at $307,136,000 after buying an additional 5,793,934 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Trump Media & Technology Group by 35.2% in the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock worth $50,630,000 after purchasing an additional 386,227 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Trump Media & Technology Group by 32.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after purchasing an additional 193,563 shares during the last quarter. State Street Corp bought a new position in shares of Trump Media & Technology Group during the third quarter valued at $11,397,000. Finally, Melqart Asset Management UK Ltd purchased a new stake in shares of Trump Media & Technology Group during the fourth quarter valued at $18,725,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.