Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $20.26, but opened at $18.39. Trump Media & Technology Group shares last traded at $18.80, with a volume of 2,161,360 shares traded.

Trump Media & Technology Group Stock Performance

The company has a fifty day simple moving average of $25.72 and a two-hundred day simple moving average of $28.92. The company has a current ratio of 45.33, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In related news, Director Eric Swider sold 5,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was 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 owns 38,989 shares in the company, valued at $763,014.73. This represents a 11.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Phillip Juhan sold 21,059 shares of Trump Media & Technology Group 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 completion of the transaction, the chief financial officer now directly owns 220,577 shares in the company, valued at approximately $4,521,828.50. This represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Trump Media & Technology Group by 180.3% in the 4th quarter. Vanguard Group Inc. now owns 9,006,919 shares of the company’s stock worth $307,136,000 after purchasing an additional 5,793,934 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Trump Media & Technology Group by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 1,484,255 shares of the company’s stock valued at $50,630,000 after buying an additional 386,227 shares during the period. Charles Schwab Investment Management Inc. grew its position in Trump Media & Technology Group by 32.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 788,722 shares of the company’s stock worth $26,895,000 after buying an additional 193,563 shares in the last quarter. State Street Corp bought a new position in Trump Media & Technology Group during the third quarter valued at about $11,397,000. Finally, Melqart Asset Management UK Ltd acquired a new position in Trump Media & Technology Group in the 4th quarter valued at approximately $18,725,000. Institutional investors own 4.29% of the company’s stock.

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.