Trump Media & Technology Group (NASDAQ:DJT) Shares Up 12.5%

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price shot up 12.5% during trading on Friday . The stock traded as high as $18.09 and last traded at $18.09. 7,257,096 shares changed hands during mid-day trading, an increase of 8% from the average session volume of 6,703,191 shares. The stock had previously closed at $16.08.

Trump Media & Technology Group Stock Up 11.8 %

The company’s fifty day moving average is $25.92.

Trump Media & Technology Group (NASDAQ:DJT) last issued its quarterly earnings data on Friday, August 9th. The company reported ($0.10) earnings per share for the quarter. The company had revenue of $0.84 million during the quarter.

Insider Buying and Selling

In other news, CEO Devin G. Nunes sold 27,846 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $632,104.20. Following the completion of the transaction, the chief executive officer now directly owns 87,154 shares in the company, valued at $1,978,395.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CEO Devin G. Nunes sold 27,846 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $632,104.20. Following the completion of the transaction, the chief executive officer now directly owns 87,154 shares in the company, valued at $1,978,395.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $1,928,160.70. Following the transaction, the chief financial officer now owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 128,138 shares of company stock worth $2,908,733. Company insiders own 14.80% of the company’s stock.

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.