Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Wednesday . The stock had previously closed at $22.87, but opened at $22.20. Trump Media & Technology Group shares last traded at $21.53, with a volume of 1,113,320 shares traded.

Trump Media & Technology Group Price Performance

The firm has a 50-day moving average of $27.65 and a 200-day moving average of $28.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33.

Insider Activity

In other news, CFO Phillip Juhan sold 21,059 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $20.50, for a total transaction of $431,709.50. Following the sale, the chief financial officer now directly owns 220,577 shares of the company’s stock, valued at $4,521,828.50. This represents a 8.72 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the transaction, the director now directly owns 38,989 shares of the company’s stock, valued at approximately $763,014.73. This trade represents a 11.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Several hedge funds have recently made changes to their positions in DJT. Charles Schwab Investment Management Inc. purchased a new stake in Trump Media & Technology Group during the third quarter valued at approximately $9,564,000. The Manufacturers Life Insurance Company bought a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at approximately $214,000. Public Employees Retirement System of Ohio purchased a new stake in Trump Media & Technology Group during the 3rd quarter valued at $336,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Trump Media & Technology Group in the third quarter worth $1,571,000. Finally, New York State Common Retirement Fund boosted its stake in Trump Media & Technology Group by 80.8% during the fourth quarter. New York State Common Retirement Fund now owns 38,700 shares of the company’s stock worth $1,320,000 after buying an additional 17,300 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. operates as a social media and technology company. Its brands include TRUTH Social, TMTG+ and TMTG News. The company is headquartered in Sarasota, FL.