Trump Media & Technology Group Corp. (NASDAQ:DJT – Get Free Report) fell 9.5% during mid-day trading on Tuesday . The stock traded as low as $30.11 and last traded at $30.25. 14,119,774 shares were traded during trading, a decline of 10% from the average session volume of 15,732,683 shares. The stock had previously closed at $33.41.
Trump Media & Technology Group Stock Down 8.8 %
The firm has a 50-day simple moving average of $24.36 and a 200 day simple moving average of $31.89. The company has a current ratio of 47.49, a quick ratio of 24.73 and a debt-to-equity ratio of 0.01.
Trump Media & Technology Group (NASDAQ:DJT – Get Free Report) last posted its quarterly earnings results on Friday, August 9th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.84 million for the quarter.
Insider Activity
Institutional Investors Weigh In On Trump Media & Technology Group
Several hedge funds and other institutional investors have recently bought and sold shares of DJT. Lincoln Capital Corp bought a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $323,000. Greenwich Wealth Management LLC bought a new position in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $10,946,000. Sapient Capital LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter worth $2,339,000. Vontobel Holding Ltd. bought a new position in Trump Media & Technology Group during the third quarter valued at approximately $386,000. Finally, Creative Planning purchased a new stake in Trump Media & Technology Group during the 3rd quarter valued at $538,000. 4.29% of the stock is 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.
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