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

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Tuesday . The stock had previously closed at $42.91, but opened at $39.34. Trump Media & Technology Group shares last traded at $40.91, with a volume of 8,357,289 shares traded.

Trump Media & Technology Group Stock Up 2.5 %

The business’s 50-day moving average price is $33.81 and its 200-day moving average price is $28.62. The company has a quick ratio of 47.49, a current ratio of 47.49 and a debt-to-equity ratio of 0.01.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, General Counsel Scott Glabe sold 15,917 shares of Trump Media & Technology Group stock in a transaction on Friday, November 8th. The stock was sold at an average price of $32.19, for a total transaction of $512,368.23. Following the completion of the transaction, the general counsel now directly owns 336,576 shares of the company’s stock, valued at approximately $10,834,381.44. This trade represents a 4.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Eric Swider sold 136,183 shares of Trump Media & Technology Group stock in a transaction 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 536,100 shares of company stock worth $16,274,894. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Rakuten Securities Inc. bought a new position in shares of Trump Media & Technology Group in the third quarter valued at about $27,000. Larson Financial Group LLC acquired a new stake in Trump Media & Technology Group in the third quarter worth about $30,000. Tsfg LLC acquired a new stake in Trump Media & Technology Group in the fourth quarter worth about $31,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $34,000. Finally, MetLife Investment Management LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $43,000. 4.29% of the stock is owned by institutional investors.

Trump Media & Technology Group Company Profile

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.