Traders Purchase Large Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of some unusual options trading activity on Monday. Stock traders acquired 23,596 call options on the company. This represents an increase of approximately 27% compared to the average volume of 18,511 call options.

Trump Media & Technology Group Stock Up 1.3%

DJT stock traded up $0.07 during midday trading on Monday, hitting $5.66. 5,901,596 shares of the company traded hands, compared to its average volume of 4,271,058. Trump Media & Technology Group has a twelve month low of $5.40 and a twelve month high of $17.09. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -1.16 and a beta of 1.35. The business has a 50 day simple moving average of $8.29 and a 200-day simple moving average of $9.35.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Global Assets Advisory LLC bought a new stake in Trump Media & Technology Group during the first quarter valued at about $34,000. Root Financial Partners LLC boosted its stake in Trump Media & Technology Group by 44,011.1% during the 1st quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after purchasing an additional 3,961 shares during the period. Nykredit A S bought a new stake in Trump Media & Technology Group during the 2nd quarter valued at approximately $31,000. Farther Finance Advisors LLC grew its holdings in Trump Media & Technology Group by 55.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock valued at $43,000 after buying an additional 1,691 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. grew its holdings in Trump Media & Technology Group by 60.1% in the 2nd quarter. Strategic Wealth Partners Ltd. now owns 6,660 shares of the company’s stock valued at $52,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 4.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings cut shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, September 2nd. Wall Street Zen lowered Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Trump Media & Technology Group presently has a consensus rating of “Sell”.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. is a media and technology company focused on developing social media, streaming and other digital services. Its principal platform is Truth Social, a social networking service that enables users to create posts, follow accounts and participate in online discussions.

The company also operates Truth+, a streaming platform offering video content, including news and entertainment programming. TMTG has additionally announced plans to develop Truth.Fi, a financial services and technology initiative intended to include products such as separately managed accounts, exchange-traded funds and other investment-related offerings.