Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Here’s Why

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down before the market opened on Thursday . The stock had previously closed at $35.91, but opened at $34.67. Trump Media & Technology Group shares last traded at $34.46, with a volume of 8,278,312 shares.

Trump Media & Technology Group Trading Up 11.4 %

The company’s 50-day moving average price is $21.02 and its 200 day moving average price is $31.60.

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

Insider Activity at Trump Media & Technology Group

In other news, 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 value of $1,928,160.70. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 completion of the transaction, 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Devin G. Nunes sold 27,846 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $632,104.20. Following the sale, the chief executive officer now directly owns 87,154 shares in the company, valued at approximately $1,978,395.80. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock valued at $2,908,733 in the last ninety days. Insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On Trump Media & Technology Group

Institutional investors have recently modified their holdings of the company. Sapient Capital LLC acquired a new position in Trump Media & Technology Group during the third quarter worth approximately $2,339,000. Busey Bank acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at about $727,000. Creative Planning purchased a new stake in shares of Trump Media & Technology Group during the third quarter valued at approximately $538,000. Vontobel Holding Ltd. acquired a new position in Trump Media & Technology Group in the 3rd quarter worth $386,000. Finally, Lincoln Capital Corp purchased a new position in Trump Media & Technology Group in the third quarter valued at about $323,000. Institutional investors and hedge funds 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.