Trump Media & Technology Group (NASDAQ:DJT) Stock Price Up 6% - Still a Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) shares traded up 6% during mid-day trading on Wednesday . The stock traded as high as $17.93 and last traded at $17.67. 2,677,748 shares changed hands during mid-day trading, a decline of 83% from the average session volume of 15,870,530 shares. The stock had previously closed at $16.66.

Trump Media & Technology Group Trading Up 0.2 %

The business has a 50 day simple moving average of $23.05 and a 200 day simple moving average of $29.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

Insider Buying and Selling

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

Institutional Trading of Trump Media & Technology Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. GeoWealth Management LLC boosted its stake in shares of Trump Media & Technology Group by 41,550.0% in the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company's stock valued at $28,000 after purchasing an additional 831 shares during the last quarter. Tsfg LLC acquired a new position in Trump Media & Technology Group in the fourth quarter valued at approximately $31,000. Glass Jacobson Investment Advisors llc boosted its stake 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 valued at $31,000 after acquiring an additional 701 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Trump Media & Technology Group during the 4th quarter worth $34,000. Finally, AlphaQuest LLC raised its position in shares of Trump Media & Technology Group by 140.7% during the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock valued at $40,000 after acquiring an additional 681 shares during the last quarter. 4.29% of the stock is owned by 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.