Trump Media & Technology Group (NASDAQ:DJT) Trading 9.3% Higher - Here's What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) shares traded up 9.3% during mid-day trading on Tuesday . The stock traded as high as $24.50 and last traded at $24.57. 6,869,582 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 7,268,688 shares. The stock had previously closed at $22.49.

Trump Media & Technology Group Stock Down 0.0 %

The firm has a 50 day moving average price of $21.47 and a two-hundred day moving average price of $29.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33.

Insider Activity

In other news, Director Eric Swider sold 5,000 shares of the firm's stock in a transaction 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 completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the business's stock in a transaction 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 owns 220,577 shares in the company, valued at approximately $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. Insiders own 53.00% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DJT. GeoWealth Management LLC increased its holdings in Trump Media & Technology Group by 41,550.0% during the 4th quarter. GeoWealth Management LLC now owns 833 shares of the company's stock worth $28,000 after acquiring an additional 831 shares during the period. Tsfg LLC purchased a new stake in shares of Trump Media & Technology Group in the fourth quarter worth $31,000. Glass Jacobson Investment Advisors llc boosted its stake in Trump Media & Technology Group by 350.5% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock valued at $31,000 after buying an additional 701 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Trump Media & Technology Group during the fourth quarter worth about $34,000. Finally, AlphaQuest LLC increased its stake in Trump Media & Technology Group by 140.7% in the 4th quarter. AlphaQuest LLC now owns 1,165 shares of the company's stock worth $40,000 after acquiring an additional 681 shares during the last quarter. Hedge funds and other institutional investors 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.