Trump Media & Technology Group (NASDAQ:DJT) Sees Strong Trading Volume – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares saw unusually-strong trading volume on Monday . Approximately 23,040,030 shares changed hands during trading, an increase of 48% from the previous session’s volume of 15,588,650 shares.The stock last traded at $32.61 and had previously closed at $31.91.

Trump Media & Technology Group Stock Down 8.8 %

The stock’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $31.81. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

Insider Transactions at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $1,928,160.70. Following the transaction, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, 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 completion of the transaction, the chief technology officer now owns 37,199 shares of the company’s stock, valued at $844,417.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the completion of the sale, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at approximately $9,194,839.30. 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 664,238 shares of company stock valued at $19,183,627. Corporate insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of large investors have recently bought and sold shares of DJT. Rakuten Securities Inc. purchased a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $34,000. Allworth Financial LP bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $48,000. Finally, Archer Investment Corp bought a new position in shares of Trump Media & Technology Group during the third quarter worth about $48,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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.