Trump Media & Technology Group (NASDAQ:DJT) Trading Down 5.5% – Should You Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price dropped 5.5% during trading on Thursday . The stock traded as low as $26.76 and last traded at $27.35. Approximately 10,413,353 shares traded hands during mid-day trading, a decline of 34% from the average daily volume of 15,796,752 shares. The stock had previously closed at $28.93.

Trump Media & Technology Group Stock Performance

The stock’s 50 day moving average price is $24.85 and its 200-day moving average price is $31.79. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

Insider Activity at Trump Media & Technology Group

In other news, COO Andrew Northwall sold 3,467 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the completion of the sale, the chief operating officer now owns 16,533 shares in the company, valued at approximately $375,299.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, General Counsel Scott Glabe sold 4,083 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $92,684.10. Following the sale, the general counsel now directly owns 15,917 shares of the company’s stock, valued at $361,315.90. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew Northwall sold 3,467 shares of the stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $78,700.90. Following the sale, the chief operating officer now directly owns 16,533 shares in the company, valued at $375,299.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 664,238 shares of company stock valued at $19,183,627 over the last quarter. 14.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Greenwich Wealth Management LLC purchased a new position in Trump Media & Technology Group during the third quarter valued at $10,946,000. Charles Schwab Investment Management Inc. purchased a new position in Trump Media & Technology Group in the 3rd quarter valued at about $9,564,000. Sapient Capital LLC purchased a new position in shares of Trump Media & Technology Group in the third quarter valued at approximately $2,339,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Trump Media & Technology Group during the third quarter worth approximately $1,571,000. Finally, Busey Bank acquired a new position in Trump Media & Technology Group in the 3rd quarter valued at $727,000. 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.