Avondale Wealth Management Makes New Investment in Trump Media & Technology Group Corp. (NASDAQ:DJT)

by · The Markets Daily

Avondale Wealth Management acquired a new position in Trump Media & Technology Group Corp. (NASDAQ:DJT – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $64,000.

Separately, CWM LLC bought a new stake in Trump Media & Technology Group during the third quarter worth approximately $66,000. Institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Stock Up 4.8 %

NASDAQ:DJT traded up $1.16 during midday trading on Friday, hitting $25.28. The stock had a trading volume of 48,240,915 shares, compared to its average volume of 8,293,228. Trump Media & Technology Group Corp. has a one year low of $11.75 and a one year high of $79.38. The stock has a 50-day moving average of $19.60 and a 200 day moving average of $32.97.

Trump Media & Technology Group (NASDAQ:DJT – Get Free Report) last released its earnings results on Friday, August 9th. The company reported ($0.10) EPS for the quarter. The company had revenue of $0.84 million for the quarter.

Insider Activity

In other news, CFO Phillip Juhan sold 84,941 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 value of $1,928,160.70. Following the sale, the chief financial officer now directly owns 405,059 shares in the company, valued at approximately $9,194,839.30. 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 accessible through the SEC website. 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 transaction of $78,700.90. Following the sale, the chief operating officer now owns 16,533 shares in the company, valued at approximately $375,299.10. 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 can be accessed through this hyperlink. Also, CFO Phillip Juhan sold 84,941 shares of the firm’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the completion of the transaction, the chief financial officer now directly owns 405,059 shares in the company, valued at $9,194,839.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,138 shares of company stock valued at $2,908,733. 14.80% of the stock is currently owned by insiders.

Trump Media & Technology Group Company Profile

(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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