Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 67,661 call options on the stock. This is an increase of approximately 25% compared to the average volume of 54,265 call options.
Trump Media & Technology Group Stock Performance
DJT traded down $0.41 during trading on Friday, reaching $18.52. 6,191,975 shares of the stock traded hands, compared to its average volume of 16,273,958. The company has a debt-to-equity ratio of 0.01, a quick ratio of 38.41 and a current ratio of 38.41. The stock's 50-day moving average is $21.28 and its 200 day moving average is $24.97. Trump Media & Technology Group has a 12 month low of $11.75 and a 12 month high of $54.68.
Trump Media & Technology Group (NASDAQ:DJT - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The company reported ($0.14) earnings per share for the quarter. Trump Media & Technology Group had a negative net margin of 2,861.60% and a negative return on equity of 14.17%. The company had revenue of $821.20 million for the quarter.
Trump Media & Technology Group declared that its Board of Directors has authorized a stock repurchase plan on Monday, June 23rd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut shares of Trump Media & Technology Group from a "hold" rating to a "sell" rating in a research report on Friday, June 6th.
Read Our Latest Stock Report on Trump Media & Technology Group
Insider Buying and Selling
In other Trump Media & Technology Group news, CFO Phillip Juhan sold 45,005 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $27.15, for a total transaction of $1,221,885.75. Following the sale, the chief financial officer owned 175,572 shares of the company's stock, valued at approximately $4,766,779.80. This represents a 20.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Scott Glabe sold 57,995 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $26.44, for a total transaction of $1,533,387.80. Following the sale, the general counsel directly owned 239,503 shares in the company, valued at $6,332,459.32. This trade represents a 19.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 191,806 shares of company stock valued at $5,062,725 over the last quarter. 53.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Trump Media & Technology Group
Several institutional investors have recently made changes to their positions in the stock. GeoWealth Management LLC raised its holdings 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 worth $28,000 after acquiring an additional 831 shares during the last quarter. Glass Jacobson Investment Advisors llc raised its holdings in shares of Trump Media & Technology Group by 350.5% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 901 shares of the company's stock worth $31,000 after acquiring an additional 701 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Trump Media & Technology Group in the 1st quarter worth about $39,000. AlphaQuest LLC raised its holdings in shares of 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. Finally, Russell Investments Group Ltd. raised its holdings in shares of Trump Media & Technology Group by 85.1% in the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company's stock worth $42,000 after acquiring an additional 561 shares during the last quarter. Institutional investors and hedge funds own 4.29% of the company's stock.
Trump Media & Technology Group Company Profile
(
Get Free Report)
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.
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