Trump Media & Technology Group (NASDAQ:DJT) Trading Down 6.2% – Here’s Why

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price was down 6.2% on Monday . The company traded as low as $15.52 and last traded at $15.0920. Approximately 14,218,886 shares were traded during mid-day trading, an increase of 85% from the average daily volume of 7,674,915 shares. The stock had previously closed at $16.09.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Up 1.9%

The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of -24.45 and a beta of 4.59. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42. The company’s 50 day moving average price is $12.97 and its 200 day moving average price is $16.13.

Insider Buying and Selling

In other Trump Media & Technology Group news, Director Eric Swider sold 5,200 shares of the business’s stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $10.59, for a total transaction of $55,068.00. Following the sale, the director owned 18,841 shares in the company, valued at approximately $199,526.19. The trade was a 21.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 53.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in Trump Media & Technology Group by 53.1% in the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock valued at $243,577,000 after buying an additional 5,143,195 shares during the last quarter. Geode Capital Management LLC lifted its stake in Trump Media & Technology Group by 13.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock valued at $32,908,000 after acquiring an additional 216,718 shares during the period. Hudson Bay Capital Management LP purchased a new stake in shares of Trump Media & Technology Group in the 2nd quarter valued at $24,549,000. Man Group plc increased its stake in shares of Trump Media & Technology Group by 1,775.2% in the third quarter. Man Group plc now owns 703,970 shares of the company’s stock worth $11,559,000 after acquiring an additional 666,429 shares during the period. Finally, Hancock Prospecting Pty Ltd increased its stake in shares of Trump Media & Technology Group by 72.0% in the third quarter. Hancock Prospecting Pty Ltd now owns 430,000 shares of the company’s stock worth $7,061,000 after acquiring an additional 180,000 shares during the period. 4.29% of the stock is currently owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.