Trump Media & Technology Group (NASDAQ:DJT) Trading Up 11.1% – Should You Buy?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price shot up 11.1% during trading on Wednesday . The stock traded as high as $30.23 and last traded at $30.06. 23,790,511 shares changed hands during trading, an increase of 163% from the average session volume of 9,053,688 shares. The stock had previously closed at $27.06.

Trump Media & Technology Group Stock Performance

The stock’s fifty day moving average is $19.65 and its two-hundred day moving average is $32.09.

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

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, CEO Devin G. Nunes sold 27,846 shares of Trump Media & Technology Group 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 sale, the chief executive officer now directly owns 87,154 shares in the company, valued at $1,978,395.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CTO Vladimir Novachki sold 7,801 shares of Trump Media & Technology Group stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $177,082.70. Following the transaction, the chief technology officer now owns 37,199 shares in the company, valued at $844,417.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Devin G. Nunes sold 27,846 shares of the firm’s 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 $632,104.20. Following the transaction, the chief executive officer now owns 87,154 shares in the company, valued at approximately $1,978,395.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 128,138 shares of company stock valued at $2,908,733. 14.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of large investors have recently made changes to their positions in the business. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of Trump Media & Technology Group in the 3rd quarter worth about $34,000. Avondale Wealth Management bought a new position in shares of Trump Media & Technology Group during the third quarter valued at $64,000. CWM LLC bought a new stake in Trump Media & Technology Group in the 3rd quarter worth about $66,000. Vontobel Holding Ltd. purchased a new position in Trump Media & Technology Group in the 3rd quarter worth about $386,000. Finally, Creative Planning bought a new position in Trump Media & Technology Group during the 3rd quarter valued at about $538,000. 4.29% of the stock is currently owned by institutional investors.

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.