Trump Media & Technology Group (NASDAQ:DJT) Shares Down 7.4% - What's Next?

Key Points

• Trump Media & Technology Group shares fell 7.4% to about $9.05, with intraday volume 53% below the average session volume.
• Analyst sentiment remains negative: Weiss Ratings reiterated a “sell (D-)” rating, and MarketBeat reports an average rating of “Sell” from the one analyst covering the stock.
• The company has a $2.52 billion market capitalization, negative P/E ratio of -1.85, and high beta of 4.07; institutional investors own only 4.29% of its shares.

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) traded down 7.4% on Tuesday . The stock traded as low as $9.00 and last traded at $9.05. 2,035,222 shares were traded during mid-day trading, a decline of 53% from the average session volume of 4,359,840 shares. The stock had previously closed at $9.77.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of Trump Media & Technology Group in a report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of "Sell".

Trump Media & Technology Group Price Performance

The stock has a market capitalization of $2.52 billion, a P/E ratio of -1.85 and a beta of 4.07. The stock's fifty day moving average is $8.96 and its 200-day moving average is $9.19.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of large investors have recently added to or reduced their stakes in the stock. Motiv8 Investments LLC bought a new position in shares of Trump Media & Technology Group in the fourth quarter valued at approximately $30,000. International Assets Investment Management LLC acquired a new position in Trump Media & Technology Group in the 4th quarter valued at $40,000. Daiwa Securities Group Inc. grew its stake in Trump Media & Technology Group by 68.4% in the 2nd quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company's stock valued at $54,000 after buying an additional 1,223 shares during the last quarter. Larson Financial Group LLC raised its holdings in Trump Media & Technology Group by 70.7% in the 4th quarter. Larson Financial Group LLC now owns 3,104 shares of the company's stock worth $41,000 after acquiring an additional 1,286 shares during the period. Finally, Rakuten Securities Inc. raised its holdings in Trump Media & Technology Group by 40.7% in the 2nd quarter. Rakuten Securities Inc. now owns 3,466 shares of the company's stock worth $63,000 after acquiring an additional 1,002 shares during the period. Institutional investors own 4.29% of the company's stock.

About Trump Media & Technology Group

Trump Media & Technology Group NASDAQ: DJT is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.

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