Trump Media & Technology Group (NASDAQ:DJT) Trading Down 9.8% – Here’s What Happened

by · The Cerbat Gem

Trump Media & Technology Group Corp. (NASDAQ:DJT – Get Free Report)’s stock price traded down 9.8% on Wednesday . The company traded as low as $44.15 and last traded at $46.48. 38,666,492 shares were traded during trading, an increase of 228% from the average session volume of 11,774,300 shares. The stock had previously closed at $51.51.

Trump Media & Technology Group Trading Down 11.2 %

The business’s 50-day simple moving average is $22.70 and its two-hundred day simple moving average is $31.86.

Trump Media & Technology Group (NASDAQ:DJT – Get Free Report) 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 for the quarter.

Insider Transactions at Trump Media & Technology Group

In related news, COO Andrew Northwall sold 3,467 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $78,700.90. Following the sale, the chief operating officer now directly owns 16,533 shares of the company’s stock, valued at $375,299.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Trump Media & Technology Group news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were 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 in the company, valued at $844,417.30. 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. Also, COO Andrew Northwall sold 3,467 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $78,700.90. Following the transaction, the chief operating officer now owns 16,533 shares in the company, valued at $375,299.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 128,138 shares of company stock valued at $2,908,733. 14.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Trump Media & Technology Group in the third quarter worth approximately $34,000. Allworth Financial LP bought a new stake in Trump Media & Technology Group in the third quarter valued at $48,000. Amalgamated Bank bought a new stake in Trump Media & Technology Group in the third quarter valued at $58,000. Avondale Wealth Management bought a new stake in Trump Media & Technology Group in the third quarter valued at $64,000. Finally, CWM LLC bought a new stake in Trump Media & Technology Group in the third quarter valued at $66,000. 4.29% of the stock is currently owned by institutional investors.

Trump Media & Technology Group Company Profile

(Get Free Report)

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.

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