Trump Media & Technology Group (NASDAQ:DJT) Trading Down 9.6% – Here’s Why

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) traded down 9.6% on Tuesday . The stock traded as low as $24.72 and last traded at $23.27. 980,199 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 9,571,452 shares. The stock had previously closed at $25.73.

Trump Media & Technology Group Stock Performance

The business has a fifty day moving average price of $33.63 and a 200-day moving average price of $28.80. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Institutional Trading of Trump Media & Technology Group

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in shares of Trump Media & Technology Group by 10.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,918 shares of the company’s stock valued at $134,000 after purchasing an additional 361 shares during the last quarter. Allworth Financial LP grew its position in Trump Media & Technology Group by 13.6% in the 4th quarter. Allworth Financial LP now owns 3,385 shares of the company’s stock worth $114,000 after purchasing an additional 406 shares during the period. Harbour Investments Inc. raised its stake in Trump Media & Technology Group by 30.3% during the 4th quarter. Harbour Investments Inc. now owns 1,909 shares of the company’s stock valued at $65,000 after buying an additional 444 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Trump Media & Technology Group by 15.2% during the 4th quarter. Amalgamated Bank now owns 4,170 shares of the company’s stock valued at $142,000 after buying an additional 550 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Trump Media & Technology Group by 85.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock worth $42,000 after buying an additional 561 shares during the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

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.