Trump Media & Technology Group (NASDAQ:DJT) Shares Down 9.5% – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) 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) 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

In related news, CEO Devin G. Nunes sold 27,846 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $632,104.20. Following the transaction, the chief executive officer now owns 87,154 shares in the company, valued at approximately $1,978,395.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Trump Media & Technology Group news, CEO Devin G. Nunes sold 27,846 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $632,104.20. Following the completion of the sale, the chief executive officer now owns 87,154 shares in the company, valued at approximately $1,978,395.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andrew Northwall sold 3,467 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $78,700.90. Following the completion of the sale, the chief operating officer now owns 16,533 shares of the company’s stock, valued at $375,299.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 128,138 shares of company stock valued at $2,908,733. Insiders own 14.80% of the company’s stock.

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.