Trump Media & Technology Group Target of Unusually Large Options Trading (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) saw unusually large options trading activity on Thursday. Investors bought 113,170 call options on the company. This represents an increase of approximately 61% compared to the average daily volume of 70,174 call options.

Trump Media & Technology Group Stock Up 11.7 %

NASDAQ DJT opened at $22.04 on Friday. The business has a 50 day moving average price of $22.00 and a 200 day moving average price of $29.07. The company has a quick ratio of 47.49, a current ratio of 45.33 and a debt-to-equity ratio of 0.01. Trump Media & Technology Group has a 1-year low of $11.75 and a 1-year high of $56.55.

Insiders Place Their Bets

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $19.57, for a total value of $97,850.00. Following the completion of the transaction, the director now owns 38,989 shares in the company, valued at approximately $763,014.73. This represents a 11.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Phillip Juhan sold 21,059 shares of the company’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $20.50, for a total transaction of $431,709.50. Following the transaction, the chief financial officer now directly owns 220,577 shares in the company, valued at approximately $4,521,828.50. This trade represents a 8.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 53.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC purchased a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $150,000. State Street Corp purchased a new stake in Trump Media & Technology Group in the 3rd quarter valued at approximately $11,397,000. Public Employees Retirement System of Ohio acquired a new stake in Trump Media & Technology Group during the 3rd quarter valued at $336,000. Geode Capital Management LLC acquired a new position in shares of Trump Media & Technology Group in the third quarter worth $17,650,000. Finally, Tsfg LLC purchased a new stake in shares of Trump Media & Technology Group in the fourth quarter valued at $31,000. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.