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

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down before the market opened on Monday . The stock had previously closed at $22.04, but opened at $21.33. Trump Media & Technology Group shares last traded at $21.12, with a volume of 763,985 shares traded.

Trump Media & Technology Group Stock Down 3.3 %

The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 45.33. The business has a 50 day moving average price of $22.00 and a 200-day moving average price of $29.25.

Insiders Place Their Bets

In other news, Director Eric Swider sold 5,000 shares of Trump Media & Technology Group stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $19.57, for a total transaction of $97,850.00. Following the completion of the sale, the director now directly owns 38,989 shares in the company, valued at approximately $763,014.73. This trade represents a 11.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Phillip Juhan sold 21,059 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $20.50, for a total value of $431,709.50. Following the sale, the chief financial officer now directly owns 220,577 shares in the company, valued at $4,521,828.50. This trade represents a 8.72 % decrease in their position. The disclosure for this sale can be found here. 53.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its position in Trump Media & Technology Group by 119.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 14,815 shares of the company’s stock worth $289,000 after purchasing an additional 8,075 shares in the last quarter. Horizon Wealth Management LLC acquired a new position in shares of Trump Media & Technology Group in the first quarter valued at approximately $195,000. Avondale Wealth Management lifted its stake in shares of Trump Media & Technology Group by 66.7% during the first quarter. Avondale Wealth Management now owns 5,000 shares of the company’s stock valued at $98,000 after buying an additional 2,000 shares during the period. Parallel Advisors LLC boosted its position in Trump Media & Technology Group by 93.8% during the first quarter. Parallel Advisors LLC now owns 2,391 shares of the company’s stock worth $47,000 after acquiring an additional 1,157 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Trump Media & Technology Group by 1,854.1% in the 1st quarter. GAMMA Investing LLC now owns 10,806 shares of the company’s stock valued at $211,000 after acquiring an additional 10,253 shares during the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Company Profile

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.