Trump Media & Technology Group (NASDAQ:DJT) Sees Large Volume Increase

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) saw an uptick in trading volume on Monday . 3,234,747 shares changed hands during trading, a decline of 52% from the previous session’s volume of 6,776,169 shares.The stock last traded at $17.58 and had previously closed at $17.97.

Trump Media & Technology Group Stock Performance

The business’s 50-day moving average price is $25.69.

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

Insiders Place Their Bets

In other news, CFO Phillip Juhan sold 84,941 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 $1,928,160.70. Following the transaction, the chief financial officer now directly owns 405,059 shares of the company’s stock, valued at $9,194,839.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Phillip Juhan sold 84,941 shares of the stock in a transaction on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $1,928,160.70. Following the sale, the chief financial officer now owns 405,059 shares in the company, valued at $9,194,839.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Vladimir Novachki sold 7,801 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 transaction of $177,082.70. Following the completion of the sale, the chief technology officer now directly owns 37,199 shares in the company, valued at $844,417.30. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,138 shares of company stock valued at $2,908,733. Insiders own 14.80% 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.