Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Here’s What Happened

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down before the market opened on Tuesday . The stock had previously closed at $40.03, but opened at $37.59. Trump Media & Technology Group shares last traded at $34.65, with a volume of 9,186,814 shares changing hands.

Trump Media & Technology Group Stock Performance

The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $34.66 and a 200 day moving average price of $28.94.

Trump Media & Technology Group (NASDAQ:DJT) last announced its earnings results on Tuesday, November 5th. The company reported ($0.10) EPS for the quarter. The business had revenue of $1.01 million for the quarter.

Insider Transactions at Trump Media & Technology Group

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DJT. Tsfg LLC bought a new position in shares of Trump Media & Technology Group during the 4th quarter worth about $31,000. Avior Wealth Management LLC lifted its stake in Trump Media & Technology Group by 18.7% during the fourth quarter. Avior Wealth Management LLC now owns 5,826 shares of the company’s stock worth $199,000 after purchasing an additional 916 shares during the period. Rakuten Securities Inc. acquired a new stake in Trump Media & Technology Group during the third quarter valued at approximately $27,000. Geneos Wealth Management Inc. bought a new stake in shares of Trump Media & Technology Group in the 4th quarter valued at approximately $57,000. Finally, Larson Financial Group LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $30,000. 4.29% of the stock is owned by institutional investors.

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.