Trump Media & Technology Group (NASDAQ:DJT) Stock Price Down 5.1% on Insider Selling

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price traded down 5.1% during trading on Wednesday following insider selling activity. The company traded as low as $28.80 and last traded at $28.93. 12,187,319 shares changed hands during trading, a decline of 23% from the average session volume of 15,778,028 shares. The stock had previously closed at $30.47.

Specifically, Director Eric Swider sold 136,183 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $28.23, for a total value of $3,844,446.09. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Phillip Juhan sold 64,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the completion of the transaction, the chief financial officer now owns 265,798 shares in the company, valued at approximately $8,763,360.06. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Trump Media & Technology Group 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 transaction of $9,808,000.00. Following the transaction, the chief financial officer now directly owns 329,798 shares in the company, valued at $10,108,308.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Trump Media & Technology Group Trading Down 5.0 %

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 business’s 50-day simple moving average is $24.61 and its 200 day simple moving average is $31.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $27,000. Larson Financial Group LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $30,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $34,000. Allworth Financial LP purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $48,000. Finally, Archer Investment Corp purchased a new stake in Trump Media & Technology Group in the third quarter worth $48,000. 4.29% of the stock is currently owned by institutional investors.

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.