Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $22.87, but opened at $22.20. Trump Media & Technology Group shares last traded at $21.53, with a volume of 1,113,320 shares traded.

Trump Media & Technology Group Stock Down 3.0 %

The business has a fifty day moving average of $26.84 and a 200 day moving average of $28.71. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01.

Insider Transactions at Trump Media & Technology Group

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

Institutional Trading of Trump Media & Technology Group

A number of institutional investors and hedge funds have recently modified their holdings of DJT. Wellington Management Group LLP bought a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at about $1,498,000. California State Teachers Retirement System grew its holdings in shares of Trump Media & Technology Group by 38.0% during the fourth quarter. California State Teachers Retirement System now owns 74,459 shares of the company’s stock valued at $2,539,000 after purchasing an additional 20,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Trump Media & Technology Group during the 4th quarter worth approximately $230,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Trump Media & Technology Group by 22.2% in the 4th quarter. Public Employees Retirement System of Ohio now owns 25,591 shares of the company’s stock worth $873,000 after purchasing an additional 4,656 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in Trump Media & Technology Group during the 4th quarter valued at approximately $113,000. 4.29% of the stock is owned by institutional investors and hedge funds.

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.