Trump Media & Technology Group (NASDAQ:DJT) Trading Down 2.7% – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price dropped 2.7% on Monday . The company traded as low as $26.82 and last traded at $27.33. Approximately 4,321,333 shares were traded during mid-day trading, a decline of 73% from the average daily volume of 15,826,136 shares. The stock had previously closed at $28.10.

Trump Media & Technology Group Trading Down 2.8 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. The stock’s 50 day moving average is $25.26 and its 200-day moving average is $31.40.

Insider Transactions at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 320,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the transaction, the chief financial officer now owns 329,798 shares in the company, valued at approximately $10,108,308.70. The trade was a 49.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Vladimir Novachki sold 7,801 shares of the business’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $177,082.70. Following the transaction, the chief technology officer now owns 37,199 shares of the company’s stock, valued at $844,417.30. This trade represents a 17.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 664,238 shares of company stock worth $19,183,627 in the last three months. Corporate insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

A number of large investors have recently made changes to their positions in DJT. CWM LLC purchased a new position in shares of Trump Media & Technology Group during the third quarter valued at $66,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Trump Media & Technology Group during the third quarter worth $34,000. Avondale Wealth Management bought a new position in shares of Trump Media & Technology Group in the 3rd quarter worth $64,000. Sapient Capital LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth $2,339,000. Finally, Creative Planning bought a new stake in Trump Media & Technology Group during the third quarter valued at about $538,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

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.