Trump Media & Technology Group (NASDAQ:DJT) Stock Price Down 3.6% - Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) was down 3.6% on Tuesday . The stock traded as low as $24.80 and last traded at $24.91. Approximately 2,382,928 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 15,898,743 shares. The stock had previously closed at $25.83.

Trump Media & Technology Group Price 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 simple moving average of $21.30 and a 200-day simple moving average of $29.32.

Insider Buying and Selling at Trump Media & Technology Group

In other news, Director Eric Swider sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total value of $97,850.00. Following the transaction, the director now owns 38,989 shares in the company, valued at $763,014.73. The trade was a 11.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Phillip Juhan sold 21,059 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $20.50, for a total value of $431,709.50. Following the sale, the chief financial officer now directly 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. Company insiders own 53.00% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DJT. Vanguard Group Inc. boosted its holdings in shares of Trump Media & Technology Group by 180.3% in the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company's stock worth $307,136,000 after buying an additional 5,793,934 shares during the last quarter. Melqart Asset Management UK Ltd purchased a new position in Trump Media & Technology Group in the fourth quarter valued at about $18,725,000. Invesco Ltd. grew its position in shares of Trump Media & Technology Group by 785.1% during the 4th quarter. Invesco Ltd. now owns 512,613 shares of the company's stock valued at $17,480,000 after acquiring an additional 454,699 shares during the period. Geode Capital Management LLC increased its stake in shares of Trump Media & Technology Group by 35.2% during the 4th quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company's stock worth $50,630,000 after purchasing an additional 386,227 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Trump Media & Technology Group in the 4th quarter worth approximately $6,642,000. Institutional investors own 4.29% of the company's stock.

About Trump Media & Technology Group

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.