Trump Media & Technology Group (NASDAQ:DJT) Shares Down 19.4% – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares fell 19.4% during mid-day trading on Thursday . The stock traded as low as $28.90 and last traded at $28.97. 31,208,996 shares were traded during mid-day trading, an increase of 109% from the average session volume of 14,927,639 shares. The stock had previously closed at $35.96.

Trump Media & Technology Group Stock Up 15.2 %

The company has a 50 day moving average price of $23.84 and a 200-day moving average price of $31.98.

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

Insider Buying and Selling

In related news, COO Andrew Northwall sold 3,467 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 transaction of $78,700.90. Following the sale, the chief operating officer now owns 16,533 shares in the company, valued at $375,299.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of Trump Media & Technology Group stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the transaction, the chief operating officer now directly owns 16,533 shares of the company’s stock, valued at approximately $375,299.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Scott Glabe sold 4,083 shares of Trump Media & Technology Group stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $92,684.10. Following the transaction, the general counsel now directly owns 15,917 shares in the company, valued at $361,315.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock worth $2,908,733 in the last 90 days. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DJT. Greenwich Wealth Management LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter worth about $10,946,000. Sapient Capital LLC acquired a new position in Trump Media & Technology Group during the 3rd quarter worth about $2,339,000. Busey Bank acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $727,000. Creative Planning bought a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at about $538,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at about $386,000. 4.29% of the stock is owned by institutional investors and hedge funds.

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.