Trump Media & Technology Group (NASDAQ:DJT) Sees Large Volume Increase – Time to Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares saw an uptick in trading volume on Monday . 9,438,064 shares traded hands during mid-day trading, an increase of 53% from the previous session’s volume of 6,176,356 shares.The stock last traded at $39.17 and had previously closed at $35.31.

Trump Media & Technology Group Trading Down 8.3 %

The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average price of $33.81 and a 200-day moving average price of $28.62.

Insider Buying and Selling at Trump Media & Technology Group

In related news, General Counsel Scott Glabe sold 15,917 shares of the company’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the transaction, the general counsel now directly owns 336,576 shares of the company’s stock, valued at approximately $10,834,381.44. The trade was a 4.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip Juhan sold 320,000 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.65, for a total value of $9,808,000.00. Following the sale, the chief financial officer now owns 329,798 shares of the company’s stock, valued at $10,108,308.70. The trade was a 49.25 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 536,100 shares of company stock valued at $16,274,894. 14.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of large investors have recently made changes to their positions in DJT. Tsfg LLC acquired a new stake in shares of Trump Media & Technology Group during the fourth quarter worth approximately $31,000. Rakuten Securities Inc. acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter valued at $27,000. Larson Financial Group LLC purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Trump Media & Technology Group in the third quarter worth $34,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter worth $43,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Trump Media & Technology Group Company Profile

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.