Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Up – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $18.39, but opened at $19.05. Trump Media & Technology Group shares last traded at $18.55, with a volume of 5,279,641 shares trading hands.

Trump Media & Technology Group Trading Up 5.5 %

The business has a fifty day simple moving average of $20.04.

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

Insiders Place Their Bets

In related news, CFO Phillip Juhan sold 84,941 shares of Trump Media & Technology Group 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 of the company’s stock, valued at approximately $9,194,839.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Phillip Juhan sold 84,941 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Scott Glabe sold 4,083 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 $92,684.10. Following the completion of the sale, the general counsel now owns 15,917 shares in the company, valued at approximately $361,315.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 128,138 shares of company stock worth $2,908,733. 14.80% of the stock is owned by corporate insiders.

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.