Trump Media & Technology Group (NASDAQ:DJT) Stock Sees Unusually High Put Option Buying

Key Points

• Put-option activity increased: Traders purchased 21,143 put options in Trump Media & Technology Group, 16% above the average volume, signaling elevated downside hedging or bearish positioning.
• DJT shares remained under pressure: The stock fell to $6.39, near its 12-month low of $6.29, with its 50-day and 200-day moving averages both around $9.
• Analyst sentiment was negative: The company held an average “Sell” rating, while institutional ownership remained limited at 4.29% despite several firms modestly increasing their stakes.

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 21,143 put options on the company. This represents an increase of 16% compared to the average volume of 18,220 put options.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DJT. Bank of New York Mellon Corp boosted its position in shares of Trump Media & Technology Group by 0.3% during the 1st quarter. Bank of New York Mellon Corp now owns 417,269 shares of the company's stock valued at $3,872,000 after acquiring an additional 1,398 shares during the last quarter. NewEdge Advisors LLC increased its position in Trump Media & Technology Group by 11.9% in the first quarter. NewEdge Advisors LLC now owns 13,966 shares of the company's stock worth $130,000 after purchasing an additional 1,488 shares during the last quarter. Royal Bank of Canada increased its position in Trump Media & Technology Group by 8.5% in the first quarter. Royal Bank of Canada now owns 21,451 shares of the company's stock worth $200,000 after purchasing an additional 1,676 shares during the last quarter. Farther Finance Advisors LLC increased its position in Trump Media & Technology Group by 55.6% in the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company's stock worth $43,000 after purchasing an additional 1,691 shares during the last quarter. Finally, Strategic Wealth Partners Ltd. raised its stake in Trump Media & Technology Group by 60.1% during the second quarter. Strategic Wealth Partners Ltd. now owns 6,660 shares of the company's stock valued at $52,000 after purchasing an additional 2,500 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Price Performance

Shares of DJT traded down $0.04 on Tuesday, reaching $6.39. The company's stock had a trading volume of 3,493,949 shares, compared to its average volume of 4,233,329. The stock has a market capitalization of $1.77 billion, a P/E ratio of -1.30 and a beta of 4.07. The stock's 50 day simple moving average is $8.69 and its two-hundred day simple moving average is $8.85. Trump Media & Technology Group has a 12-month low of $6.29 and a 12-month high of $17.09.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Weiss Ratings lowered Trump Media & Technology Group from a "sell (d-)" rating to a "sell (e+)" rating in a report on Wednesday, September 2nd. Wall Street Zen raised Trump Media & Technology Group from a "strong sell" rating to a "sell" rating in a report on Saturday, October 10th. One analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company currently has an average rating of "Sell".

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. is a technology and media company that develops social media, streaming and financial-services products. Its primary platform is Truth Social, a social networking service designed to support user-generated content, discussion and content sharing.

The company also operates Truth+, a streaming platform offering video content, including news, entertainment and other programming. In addition, TMTG has introduced Truth.Fi, a financial-services and fintech initiative intended to provide products such as investment accounts and exchange-traded funds through third-party partners.

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