Trump Media & Technology Group (NASDAQ:DJT) Shares Unloaded Rep. Morgan McGarvey

Posted by Thomas Dobrow on Dec 13th, 2024

Representative Morgan McGarvey (D-Kentucky) recently sold shares of Trump Media & Technology Group Corp. (NASDAQ:DJT). In a filing disclosed on December 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Trump Media & Technology Group stock on November 8th. The trade occurred in the Representative’s “CHRIS IRA” account.

Representative Morgan McGarvey also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Shell (NYSE:SHEL) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Interactive Brokers Group (NASDAQ:IBKR) on 11/13/2024.
Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/13/2024.
Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/13/2024.
Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 11/13/2024.
Purchased $1,001 – $15,000 in shares of Trump Media & Technology Group (NASDAQ:DJT) on 11/6/2024.
Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 10/25/2024.

Trump Media & Technology Group Stock Down 0.1 %

Shares of NASDAQ DJT opened at $36.20 on Friday. The firm has a 50 day moving average price of $31.72 and a two-hundred day moving average price of $29.47. Trump Media & Technology Group Corp. has a 52-week low of $11.75 and a 52-week high of $79.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

Institutional Trading of Trump Media & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of DJT. Charles Schwab Investment Management Inc. acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $9,564,000. Lincoln Capital Corp acquired a new stake in Trump Media & Technology Group during the 3rd quarter valued at approximately $323,000. Greenwich Wealth Management LLC bought a new position in Trump Media & Technology Group during the 3rd quarter worth approximately $10,946,000. Sapient Capital LLC acquired a new position in shares of Trump Media & Technology Group in the 3rd quarter worth approximately $2,339,000. Finally, Vontobel Holding Ltd. bought a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at $386,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Trump Media & Technology Group

In related news, General Counsel Scott Glabe sold 15,917 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $32.19, for a total transaction of $512,368.23. Following the transaction, the general counsel now directly owns 336,576 shares of the company’s stock, valued at $10,834,381.44. This 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 the SEC website. Also, CFO Phillip Juhan sold 320,000 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $30.65, for a total transaction of $9,808,000.00. Following the transaction, the chief financial officer now directly owns 329,798 shares in the company, valued at $10,108,308.70. This trade represents a 49.25 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 536,100 shares of company stock worth $16,274,894 over the last three months. 14.80% of the stock is owned by company insiders.

About Representative McGarvey

Morgan McGarvey (Democratic Party) is a member of the U.S. House, representing Kentucky’s 3rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. McGarvey (Democratic Party) is running for re-election to the U.S. House to represent Kentucky’s 3rd Congressional District. He declared candidacy for the Democratic primary scheduled on May 21, 2024. McGarvey served as state Senate minority leader from 2019 to 2023. Morgan McGarvey was born in Louisville, Kentucky. McGarvey earned a bachelor’s degree in journalism from the University of Missouri and a law degree from the University of Kentucky. His career experience includes working as an attorney with Morgan & Pottinger PSC. McGarvey has been affiliated with the Young Professionals Association of Louisville and the New Leaders Council.

About Trump Media & Technology Group

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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.