Rep. Morgan McGarvey Purchases Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Posted by Denise Davis on Dec 13th, 2024

Representative Morgan McGarvey (D-Kentucky) recently bought shares of Trump Media & Technology Group Corp. (NASDAQ:DJT). In a filing disclosed on December 10th, the Representative disclosed that they had bought between $1,001 and $15,000 in Trump Media & Technology Group stock on November 6th. The trade occurred in the Representative’s “CHRIS IRA” account.

Representative Morgan McGarvey also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Shell (NYSE:SHEL) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Interactive Brokers Group (NASDAQ:IBKR) on 11/13/2024.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/13/2024.
Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Trump Media & Technology Group (NASDAQ:DJT) on 11/8/2024.
Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 10/25/2024.

Trump Media & Technology Group Price Performance

NASDAQ DJT opened at $36.20 on Friday. The company’s 50 day simple moving average is $31.72 and its two-hundred day simple moving average is $29.47. The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. Trump Media & Technology Group Corp. has a 1 year low of $11.75 and a 1 year high of $79.38.

Insider Transactions at Trump Media & Technology Group

In related news, General Counsel Scott Glabe sold 15,917 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $32.19, for a total value of $512,368.23. Following the completion of the sale, the general counsel now owns 336,576 shares in the company, valued at $10,834,381.44. The trade was a 4.52 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction that occurred 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 valued at $16,274,894 in the last quarter. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DJT. Rakuten Securities Inc. purchased a new position in Trump Media & Technology Group during the third quarter worth about $27,000. Larson Financial Group LLC bought a new position in shares of Trump Media & Technology Group in the third quarter worth approximately $30,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in Trump Media & Technology Group in the third quarter valued at approximately $34,000. MetLife Investment Management LLC bought a new stake in Trump Media & Technology Group during the third quarter valued at approximately $43,000. Finally, Allworth Financial LP purchased a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $48,000. Institutional investors own 4.29% of the company’s stock.

About Representative McGarvey

Morgan McGarvey (Democratic Party) is a member of the U.S. House, representing Kentucky’s 3rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. McGarvey (Democratic Party) is running for re-election to the U.S. House to represent Kentucky’s 3rd Congressional District. He declared candidacy for the Democratic primary scheduled on May 21, 2024. McGarvey served as state Senate minority leader from 2019 to 2023. Morgan McGarvey was born in Louisville, Kentucky. McGarvey earned a bachelor’s degree in journalism from the University of Missouri and a law degree from the University of Kentucky. His career experience includes working as an attorney with Morgan & Pottinger PSC. McGarvey has been affiliated with the Young Professionals Association of Louisville and the New Leaders Council.

About Trump Media & Technology Group

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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.