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

Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Wednesday . The stock had previously closed at $51.51, but opened at $47.53. Trump Media & Technology Group shares last traded at $47.04, with a volume of 16,839,817 shares trading hands.

Trump Media & Technology Group Stock Performance

The firm has a 50 day simple moving average of $22.13 and a two-hundred day simple moving average of $31.78.

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 company had revenue of $0.84 million for the quarter.

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 405,059 shares in the company, valued at $9,194,839.30. This 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. In other news, CEO Devin G. Nunes sold 27,846 shares of the firm’s 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 owns 87,154 shares in the company, valued at $1,978,395.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 405,059 shares in the company, valued at approximately $9,194,839.30. The trade was 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 worth $2,908,733 in the last 90 days. Insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Several hedge funds have recently made changes to their positions in DJT. CWM LLC bought a new stake in shares of Trump Media & Technology Group in the third quarter valued at approximately $66,000. Moisand Fitzgerald Tamayo LLC bought a new stake in Trump Media & Technology Group during the 3rd quarter valued at $34,000. Avondale Wealth Management purchased a new stake in shares of Trump Media & Technology Group during the third quarter worth $64,000. Sapient Capital LLC bought a new position in shares of Trump Media & Technology Group in the third quarter worth $2,339,000. Finally, Creative Planning purchased a new position in shares of Trump Media & Technology Group in the third quarter valued at $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.