Trump Media & Technology Group (NASDAQ:DJT) Shares Up 2.6% – What’s Next?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJTGet Free Report) were up 2.6% on Tuesday . The company traded as high as $54.30 and last traded at $48.60. Approximately 82,494,414 shares changed hands during trading, an increase of 634% from the average daily volume of 11,239,630 shares. The stock had previously closed at $47.36.

Trump Media & Technology Group Stock Down 12.2 %

The firm’s 50 day simple moving average is $22.44 and its 200-day simple moving average is $31.84.

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

Insider Activity

In related news, CFO Phillip Juhan sold 84,941 shares of the 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 sale, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at approximately $9,194,839.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Vladimir Novachki sold 7,801 shares of the stock in a transaction dated 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 represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 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. Insiders sold 128,138 shares of company stock worth $2,908,733 in the last 90 days. 14.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. CWM LLC purchased a new position in shares of Trump Media & Technology Group in the third quarter valued at $66,000. Moisand Fitzgerald Tamayo LLC bought a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $34,000. Avondale Wealth Management acquired a new position in Trump Media & Technology Group in the third quarter worth $64,000. Sapient Capital LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter valued at about $2,339,000. Finally, Creative Planning acquired a new stake in shares of Trump Media & Technology Group during the 3rd quarter worth approximately $538,000. Hedge funds and other institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

(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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