Trump Media & Technology Group (NASDAQ:DJT) Trading Down 4.8% – Here’s What Happened

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) fell 4.8% during mid-day trading on Thursday . The stock traded as low as $28.64 and last traded at $29.76. 18,754,297 shares changed hands during mid-day trading, an increase of 102% from the average session volume of 9,298,867 shares. The stock had previously closed at $31.26.

Trump Media & Technology Group Stock Performance

The firm has a 50 day simple moving average of $19.90 and a 200 day simple moving average of $31.94.

Trump Media & Technology Group (NASDAQ:DJT) last issued its earnings results on Friday, August 9th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $0.84 million during the quarter.

Insider Buying and Selling

In other news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $177,082.70. Following the transaction, the chief technology officer now directly owns 37,199 shares of the company’s stock, valued at $844,417.30. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CTO Vladimir Novachki sold 7,801 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the sale, the chief technology officer now owns 37,199 shares of the company’s stock, valued at $844,417.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Scott Glabe sold 4,083 shares of the stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $92,684.10. Following the completion of the transaction, the general counsel now directly owns 15,917 shares in the company, valued at approximately $361,315.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 128,138 shares of company stock worth $2,908,733. 14.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DJT. Moisand Fitzgerald Tamayo LLC purchased a new position in Trump Media & Technology Group during the third quarter valued at $34,000. Avondale Wealth Management bought a new position in shares of Trump Media & Technology Group in the third quarter worth about $64,000. CWM LLC bought a new position in shares of Trump Media & Technology Group in the third quarter worth about $66,000. Blue Trust Inc. purchased a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at about $83,000. Finally, Vontobel Holding Ltd. bought a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at approximately $386,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

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.