Trump Media & Technology Group (NASDAQ:DJT) Reaches New 1-Year Low - What's Next?

Key Points

• Trump Media & Technology Group Corp. experienced a significant drop, reaching a new 52-week low of $13.80, closing at $13.82 with over 7 million shares traded.
• Analysts have issued a "sell" rating for the stock, with the average rating currently standing as "Sell" according to MarketBeat.
• The company's insider activities show a decrease in ownership as Director Eric Swider sold 5,000 shares at an average price of $17.61, reducing his holdings by 17.22%.

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $13.80 and last traded at $13.82, with a volume of 7136241 shares changing hands. The stock had previously closed at $14.52.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Trump Media & Technology Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of "Sell".

Trump Media & Technology Group Trading Down 4.8%

The firm has a 50 day moving average of $16.64 and a 200-day moving average of $19.16. The firm has a market capitalization of $3.83 billion, a P/E ratio of -28.20 and a beta of 4.56. The company has a quick ratio of 132.60, a current ratio of 132.60 and a debt-to-equity ratio of 0.41.

Insider Activity at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction on Friday, August 29th. The shares were sold at an average price of $17.61, for a total transaction of $88,050.00. Following the transaction, the director owned 24,041 shares in the company, valued at approximately $423,362.01. The trade was a 17.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 53.00% of the company's stock.

Hedge Funds Weigh In On Trump Media & Technology Group

Hedge funds have recently modified their holdings of the business. Main Street Group LTD lifted its holdings in shares of Trump Media & Technology Group by 43.1% during the second quarter. Main Street Group LTD now owns 1,908 shares of the company's stock worth $34,000 after purchasing an additional 575 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Trump Media & Technology Group during the first quarter worth $39,000. Vermillion & White Wealth Management Group LLC lifted its holdings in shares of Trump Media & Technology Group by 37.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company's stock worth $39,000 after purchasing an additional 587 shares during the period. Farther Finance Advisors LLC lifted its holdings in shares of Trump Media & Technology Group by 748.5% during the third quarter. Farther Finance Advisors LLC now owns 3,165 shares of the company's stock worth $52,000 after purchasing an additional 2,792 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Trump Media & Technology Group by 68.4% during the second quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company's stock worth $54,000 after purchasing an additional 1,223 shares during the period. Institutional investors and hedge funds own 4.29% of the company's stock.

Trump Media & Technology Group Company Profile

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.

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