Trump Media & Technology Group (NASDAQ:DJT) Stock Price Up 5.6% – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shot up 5.6% during mid-day trading on Tuesday . The stock traded as high as $20.74 and last traded at $20.64. 1,718,947 shares traded hands during trading, a decline of 89% from the average session volume of 15,938,206 shares. The stock had previously closed at $19.54.

Trump Media & Technology Group Price Performance

The company has a 50-day simple moving average of $25.42 and a 200-day simple moving average of $28.85. The company has a debt-to-equity ratio of 0.01, a current ratio of 45.33 and a quick ratio of 47.49.

Insiders Place Their Bets

In other news, Director Eric Swider sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were 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 owns 38,989 shares of the company’s stock, valued at $763,014.73. The trade was a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the completion of the transaction, the chief financial officer now owns 220,577 shares in the company, valued at approximately $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.80% of the stock is currently owned by company insiders.

Institutional Trading of Trump Media & Technology Group

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its stake in shares of Trump Media & Technology Group by 10.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,918 shares of the company’s stock valued at $134,000 after buying an additional 361 shares in the last quarter. Allworth Financial LP boosted its position in Trump Media & Technology Group by 13.6% in the 4th quarter. Allworth Financial LP now owns 3,385 shares of the company’s stock valued at $114,000 after buying an additional 406 shares during the last quarter. Harbour Investments Inc. increased its position in shares of Trump Media & Technology Group by 30.3% during the fourth quarter. Harbour Investments Inc. now owns 1,909 shares of the company’s stock worth $65,000 after acquiring an additional 444 shares during the last quarter. Amalgamated Bank increased its holdings in Trump Media & Technology Group by 15.2% during the 4th quarter. Amalgamated Bank now owns 4,170 shares of the company’s stock worth $142,000 after purchasing an additional 550 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Trump Media & Technology Group by 85.1% during the 4th quarter. Russell Investments Group Ltd. now owns 1,220 shares of the company’s stock valued at $42,000 after buying an additional 561 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

About Trump Media & Technology Group

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.