Trump Media & Technology Group (NASDAQ:DJT) Stock Price Down 5.5% – Here’s What Happened

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) traded down 5.5% during trading on Thursday . The company traded as low as $26.76 and last traded at $27.35. 10,413,353 shares changed hands during mid-day trading, a decline of 34% from the average session volume of 15,796,752 shares. The stock had previously closed at $28.93.

Trump Media & Technology Group Price Performance

The company has a current ratio of 47.49, a quick ratio of 47.49 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average price of $25.26 and a 200 day moving average price of $31.63.

Insider Buying and Selling

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 64,000 shares of the stock in a transaction 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 directly owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. This trade represents a 19.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Devin G. Nunes sold 27,846 shares of the business’s stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $632,104.20. Following the completion of the sale, the chief executive officer now directly owns 87,154 shares in the company, valued at $1,978,395.80. This represents a 24.21 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 664,238 shares of company stock worth $19,183,627 in the last three months. 14.80% of the stock is owned by insiders.

Institutional Trading of Trump Media & Technology Group

A number of large investors have recently added to or reduced their stakes in the business. Rakuten Securities Inc. acquired a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $27,000. Larson Financial Group LLC bought a new position in Trump Media & Technology Group in the 3rd quarter worth $30,000. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $34,000. MetLife Investment Management LLC acquired a new position in shares of Trump Media & Technology Group during the third quarter worth approximately $43,000. Finally, Allworth Financial LP acquired a new position in Trump Media & Technology Group during the 3rd quarter valued at $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.