Trump Media & Technology Group (NASDAQ:DJT) Sees Unusually-High Trading Volume - Should You Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) saw strong trading volume on Tuesday . 18,262,272 shares traded hands during trading, an increase of 15% from the previous session's volume of 15,861,943 shares.The stock last traded at $24.09 and had previously closed at $25.72.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Trump Media & Technology Group from a "strong sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Trump Media & Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The business has a 50-day moving average price of $22.53 and a 200 day moving average price of $27.92.

Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The company reported ($0.14) EPS for the quarter. Trump Media & Technology Group had a negative net margin of 11,076.68% and a negative return on equity of 70.26%. The firm had revenue of $821.20 million during the quarter.

Insider Buying and Selling at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 3,000 shares of the firm's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $26.65, for a total transaction of $79,950.00. Following the completion of the transaction, the director now owns 25,989 shares of the company's stock, valued at approximately $692,606.85. This trade represents a 10.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Devin G. Nunes sold 59,483 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $26.46, for a total transaction of $1,573,920.18. Following the completion of the transaction, the chief executive officer now owns 1,148,705 shares in the company, valued at approximately $30,394,734.30. The trade was a 4.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 209,365 shares of company stock worth $5,410,300. 53.00% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. GeoWealth Management LLC raised its holdings in Trump Media & Technology Group by 41,550.0% in the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company's stock worth $28,000 after purchasing an additional 831 shares during the period. Glass Jacobson Investment Advisors llc increased its position 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 worth $31,000 after buying an additional 701 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Trump Media & Technology Group in the fourth quarter worth about $34,000. Meeder Asset Management Inc. bought a new position in shares of Trump Media & Technology Group in the first quarter worth about $39,000. Finally, AlphaQuest LLC raised its stake in shares of Trump Media & Technology Group by 140.7% in the fourth quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after buying an additional 681 shares during the period. 4.29% of the stock is owned by hedge funds and other institutional investors.

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.