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

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $21.80, but opened at $20.97. Trump Media & Technology Group shares last traded at $20.69, with a volume of 8,057,736 shares traded.

Trump Media & Technology Group Trading Up 17.3 %

The company’s fifty day moving average is $19.67 and its two-hundred day moving average is $33.03.

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

Insider Activity at Trump Media & Technology Group

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 4,083 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $92,684.10. Following the sale, the general counsel now owns 15,917 shares of the company’s stock, valued at $361,315.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, General Counsel Scott Glabe sold 4,083 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $92,684.10. Following the sale, the general counsel now owns 15,917 shares of the company’s stock, valued at approximately $361,315.90. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group 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 $1,928,160.70. Following the completion of the transaction, the chief financial officer now directly owns 405,059 shares in the company, valued at $9,194,839.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,138 shares of company stock worth $2,908,733 in the last 90 days. 14.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DJT. CWM LLC acquired a new position in Trump Media & Technology Group in the third quarter worth approximately $66,000. Avondale Wealth Management acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth $64,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $34,000. 4.29% of the stock is owned by institutional investors and hedge funds.

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.