Trump Media & Technology Group (NASDAQ:DJT) Sees Strong Trading Volume – Time to Buy?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) saw unusually-strong trading volume on Monday . Approximately 5,992,532 shares changed hands during mid-day trading, a decline of 37% from the previous session’s volume of 9,449,322 shares.The stock last traded at $30.72 and had previously closed at $29.58.

Trump Media & Technology Group Stock Up 9.9 %

The firm’s 50 day moving average is $20.24 and its two-hundred day moving average is $31.53.

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

Insider Activity at Trump Media & Technology Group

In other news, CTO Vladimir Novachki sold 7,801 shares of the business’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 $177,082.70. Following the transaction, the chief technology officer now owns 37,199 shares in the company, valued at approximately $844,417.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Vladimir Novachki sold 7,801 shares of Trump Media & Technology Group stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the completion of the transaction, the chief technology officer now directly owns 37,199 shares of the company’s stock, valued at approximately $844,417.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Scott Glabe sold 4,083 shares of the business’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total value of $92,684.10. Following the completion of the transaction, the general counsel now directly owns 15,917 shares in the company, valued at $361,315.90. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,138 shares of company stock worth $2,908,733 over the last ninety days. Insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Large investors have recently modified their holdings of the stock. Moisand Fitzgerald Tamayo LLC bought a new position in Trump Media & Technology Group during the third quarter worth $34,000. Avondale Wealth Management acquired a new position in shares of Trump Media & Technology Group during the third quarter valued at about $64,000. CWM LLC bought a new position in shares of Trump Media & Technology Group during the 3rd quarter worth about $66,000. Blue Trust Inc. acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter valued at about $83,000. Finally, International Assets Investment Management LLC bought a new stake in Trump Media & Technology Group in the 3rd quarter valued at about $170,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

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.