Trump Media & Technology Group (NASDAQ:DJT) Trading Down 7.2% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price dropped 7.2% during trading on Tuesday . The company traded as low as $29.10 and last traded at $30.43. Approximately 10,478,415 shares changed hands during mid-day trading, a decline of 34% from the average daily volume of 15,968,917 shares. The stock had previously closed at $32.78.

Trump Media & Technology Group Price Performance

The stock’s 50-day moving average is $26.05 and its 200 day moving average is $31.16. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49.

Insider Activity

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 64,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $32.97, for a total value of $2,110,080.00. Following the completion of the sale, the chief financial officer now directly owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. The trade was a 19.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Scott Glabe sold 15,917 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 $32.19, for a total transaction of $512,368.23. Following the completion of the sale, the general counsel now directly owns 336,576 shares of the company’s stock, valued at $10,834,381.44. The trade was a 4.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 536,100 shares of company stock worth $16,274,894. Company insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $17,650,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $336,000. State Street Corp acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $11,397,000. Janus Henderson Group PLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $402,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $1,571,000. 4.29% of the stock is owned by hedge funds and other 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.