Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down – Time to Sell?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) gapped down prior to trading on Wednesday . The stock had previously closed at $21.80, but opened at $20.97. Trump Media & Technology Group shares last traded at $20.69, with a volume of 8,057,736 shares.

Trump Media & Technology Group Trading Down 2.8 %

The business’s fifty day simple moving average is $19.90 and its 200-day simple moving average is $33.18.

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

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, COO Andrew Northwall sold 3,467 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total transaction of $78,700.90. Following the sale, the chief operating officer now directly owns 16,533 shares in the company, valued at $375,299.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Devin G. Nunes sold 27,846 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 $632,104.20. Following the transaction, the chief executive officer now directly owns 87,154 shares in the company, valued at approximately $1,978,395.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Andrew Northwall sold 3,467 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 $78,700.90. Following the completion of the sale, the chief operating officer now directly owns 16,533 shares of the company’s stock, valued at approximately $375,299.10. 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 valued at $2,908,733 in the last ninety days. Corporate insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Trump Media & Technology Group stock. CWM LLC acquired a new stake in shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,082 shares of the company’s stock, valued at approximately $66,000. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.