Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down before the market opened on Tuesday . The stock had previously closed at $42.91, but opened at $39.34. Trump Media & Technology Group shares last traded at $40.91, with a volume of 8,357,289 shares trading hands.

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 47.49. The firm’s 50 day moving average is $33.70 and its 200-day moving average is $28.57.

Insider Activity at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 320,000 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the sale, the chief financial officer now owns 329,798 shares of the company’s stock, valued at $10,108,308.70. This represents a 49.25 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the sale, the general counsel now directly owns 336,576 shares of the company’s stock, valued at approximately $10,834,381.44. This trade represents a 4.52 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 536,100 shares of company stock valued at $16,274,894. Corporate insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

Several large investors have recently made changes to their positions in DJT. CWM LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $66,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in Trump Media & Technology Group during the 3rd quarter worth approximately $34,000. Avondale Wealth Management acquired a new stake in Trump Media & Technology Group during the 3rd quarter worth approximately $64,000. Sapient Capital LLC acquired a new stake in Trump Media & Technology Group during the 3rd quarter worth approximately $2,339,000. Finally, Creative Planning acquired a new stake in Trump Media & Technology Group during the 3rd quarter worth approximately $538,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.