Archer Investment Corp Invests $48,000 in Trump Media & Technology Group Corp. (NASDAQ:DJT)

Archer Investment Corp bought a new stake in Trump Media & Technology Group Corp. (NASDAQ:DJT) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,000 shares of the company’s stock, valued at approximately $48,000.

A number of other large investors have also recently bought and sold shares of the stock. Rakuten Securities Inc. purchased a new stake in Trump Media & Technology Group in the 3rd quarter valued at about $27,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Trump Media & Technology Group in the third quarter valued at $34,000. Allworth Financial LP purchased a new stake in Trump Media & Technology Group during the third quarter valued at about $48,000. Huntington National Bank acquired a new stake in Trump Media & Technology Group during the third quarter worth about $51,000. Finally, Amalgamated Bank purchased a new position in shares of Trump Media & Technology Group in the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

Trump Media & Technology Group Trading Up 4.1 %

Shares of DJT opened at $28.10 on Friday. Trump Media & Technology Group Corp. has a 12 month low of $11.75 and a 12 month high of $79.38. The stock’s 50-day moving average is $25.26 and its two-hundred day moving average is $31.63. The company has a debt-to-equity ratio of 0.01, a quick ratio of 47.49 and a current ratio of 47.49.

Insiders Place Their Bets

In related news, CFO Phillip Juhan sold 64,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $32.97, for a total transaction of $2,110,080.00. Following the sale, the chief financial officer now directly owns 265,798 shares of the company’s stock, valued at approximately $8,763,360.06. This represents a 19.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Devin G. Nunes sold 27,846 shares of the firm’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 completion of 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 24.21 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 664,238 shares of company stock worth $19,183,627 in the last quarter. 14.80% of the stock is owned by corporate insiders.

About Trump Media & Technology Group

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.