Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJTGet Free Report)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $30.04, but opened at $33.61. Trump Media & Technology Group shares last traded at $33.13, with a volume of 12,737,459 shares changing hands.

Trump Media & Technology Group Trading Down 1.5 %

The company has a 50-day simple moving average of $34.87 and a 200 day simple moving average of $29.00. The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01.

Trump Media & Technology Group (NASDAQ:DJTGet Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $1.01 million during the quarter.

Insider Buying and Selling at Trump Media & Technology Group

In other news, General Counsel Scott Glabe sold 15,917 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction of $512,368.23. Following the transaction, the general counsel now directly owns 336,576 shares in the company, valued at approximately $10,834,381.44. This represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The disclosure for this sale can be found here. Insiders have sold 536,100 shares of company stock worth $16,274,894 over the last three months. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On Trump Media & Technology Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Tsfg LLC bought a new position in shares of Trump Media & Technology Group during the 4th quarter worth approximately $31,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Trump Media & Technology Group during the 4th quarter worth approximately $34,000. Independence Bank of Kentucky raised its position in Trump Media & Technology Group by 245.8% during the fourth quarter. Independence Bank of Kentucky now owns 1,383 shares of the company’s stock worth $47,000 after acquiring an additional 983 shares in the last quarter. Rakuten Securities Inc. bought a new stake in Trump Media & Technology Group during the third quarter worth $27,000. Finally, Geneos Wealth Management Inc. acquired a new stake in Trump Media & Technology Group in the fourth quarter valued at $57,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Company Profile

(Get Free Report)

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.

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