Traders Buy High Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) saw some unusual options trading on Tuesday. Stock investors acquired 129,662 call options on the stock. This represents an increase of 30% compared to the typical volume of 99,912 call options.

Trump Media & Technology Group Stock Up 15.5 %

Shares of DJT opened at $31.26 on Thursday. Trump Media & Technology Group has a twelve month low of $11.75 and a twelve month high of $79.38. The stock’s fifty day simple moving average is $19.76 and its 200 day simple moving average is $32.09.

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

Insider Buying and Selling at Trump Media & Technology Group

In other news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group 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 sale, the chief financial officer now owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Devin G. Nunes sold 27,846 shares of the company’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 $632,104.20. Following the completion of the transaction, the chief executive officer now owns 87,154 shares of the company’s stock, valued at approximately $1,978,395.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Phillip Juhan sold 84,941 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $1,928,160.70. Following the transaction, the chief financial officer now directly owns 405,059 shares in the company, valued at approximately $9,194,839.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 128,138 shares of company stock worth $2,908,733. Insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

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

Trump Media & Technology Group Company Profile

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.