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

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $22.04, but opened at $21.33. Trump Media & Technology Group shares last traded at $21.12, with a volume of 763,985 shares changing hands.

Trump Media & Technology Group Price Performance

The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $21.47 and a 200 day moving average price of $29.32.

Insider Buying and Selling at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the sale, the director now directly owns 38,989 shares of the company's stock, valued at $763,014.73. The trade was a 11.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Phillip Juhan sold 21,059 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the sale, the chief financial officer now owns 220,577 shares of the company's stock, valued at $4,521,828.50. The trade was a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Institutional investors have recently made changes to their positions in the company. Amalgamated Bank increased its stake in shares of Trump Media & Technology Group by 15.6% during the 1st quarter. Amalgamated Bank now owns 4,821 shares of the company's stock worth $94,000 after purchasing an additional 651 shares during the last quarter. KBC Group NV raised its holdings in Trump Media & Technology Group by 30.6% in the 1st quarter. KBC Group NV now owns 4,448 shares of the company's stock worth $87,000 after acquiring an additional 1,041 shares during the period. Golden State Wealth Management LLC lifted its position in Trump Media & Technology Group by 21.6% during the 1st quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company's stock worth $45,000 after acquiring an additional 410 shares during the last quarter. Primoris Wealth Advisors LLC bought a new stake in Trump Media & Technology Group during the 1st quarter valued at approximately $225,000. Finally, Wealthquest Corp bought a new position in Trump Media & Technology Group during the first quarter worth $3,432,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.