Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Here’s Why

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down before the market opened on Wednesday . The stock had previously closed at $20.26, but opened at $18.39. Trump Media & Technology Group shares last traded at $18.80, with a volume of 2,161,360 shares changing hands.

Trump Media & Technology Group Stock Down 5.8 %

The company has a 50-day moving average of $25.72 and a 200 day moving average of $28.92. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,000 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the transaction, the director now owns 38,989 shares in the company, valued at $763,014.73. This represents a 11.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the stock in a transaction dated 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 in the company, valued at approximately $4,521,828.50. This represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

Large investors have recently made changes to their positions in the company. GeoWealth Management LLC boosted its stake in shares of Trump Media & Technology Group by 41,550.0% in the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company’s stock valued at $28,000 after purchasing an additional 831 shares during the last quarter. Tsfg LLC acquired a new position in Trump Media & Technology Group in the fourth quarter valued at approximately $31,000. Glass Jacobson Investment Advisors llc boosted its stake in Trump Media & Technology Group by 350.5% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company’s stock valued at $31,000 after acquiring an additional 701 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Trump Media & Technology Group during the 4th quarter worth $34,000. Finally, AlphaQuest LLC grew its holdings in Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company’s stock worth $40,000 after acquiring an additional 681 shares during the period. Institutional investors and hedge funds own 4.29% of the company’s stock.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.