Trump Media & Technology Group (NASDAQ:DJT) Trading Down 3.3% – What’s Next?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares were down 3.3% during mid-day trading on Tuesday . The company traded as low as $12.80 and last traded at $12.7230. Approximately 2,027,140 shares were traded during trading, a decline of 74% from the average daily volume of 7,799,918 shares. The stock had previously closed at $13.16.

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 equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Trump Media & Technology Group currently has a consensus rating of “Sell”.

Trump Media & Technology Group Trading Down 2.4%

The company has a 50 day moving average of $12.80 and a 200 day moving average of $15.94. The firm has a market cap of $3.60 billion, a price-to-earnings ratio of -21.77 and a beta of 4.59. The company has a current ratio of 42.78, a quick ratio of 42.78 and a debt-to-equity ratio of 0.42.

Insider Activity at Trump Media & Technology Group

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DJT. Deutsche Bank AG increased its holdings in Trump Media & Technology Group by 16.7% during the 1st quarter. Deutsche Bank AG now owns 4,038 shares of the company’s stock valued at $79,000 after purchasing an additional 579 shares in the last quarter. AlphaQuest LLC increased its stake in shares of Trump Media & Technology Group by 179.5% in the first quarter. AlphaQuest LLC now owns 3,256 shares of the company’s stock valued at $64,000 after buying an additional 2,091 shares in the last quarter. Vident Advisory LLC raised its holdings in shares of Trump Media & Technology Group by 16.9% in the first quarter. Vident Advisory LLC now owns 43,198 shares of the company’s stock valued at $844,000 after buying an additional 6,230 shares during the last quarter. MAI Capital Management lifted its position in Trump Media & Technology Group by 21.3% during the 1st quarter. MAI Capital Management now owns 14,841 shares of the company’s stock worth $290,000 after buying an additional 2,608 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in Trump Media & Technology Group during the 1st quarter worth about $940,000. Institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

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.