Trump Media & Technology Group Sees Unusually High Options Volume (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of unusually large options trading on Tuesday. Stock traders purchased 98,554 put options on the stock. This represents an increase of approximately 112% compared to the typical daily volume of 46,551 put options.

Trump Media & Technology Group Stock Performance

Shares of DJT stock traded down $1.06 during midday trading on Tuesday, hitting $9.93. 5,261,547 shares of the company were exchanged, compared to its average volume of 5,054,771. The firm has a market capitalization of $2.78 billion, a P/E ratio of -16.82 and a beta of 4.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 42.78 and a current ratio of 42.78. Trump Media & Technology Group has a 52 week low of $9.94 and a 52 week high of $30.29. The firm’s 50 day moving average price is $12.98 and its two-hundred day moving average price is $14.59.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Motiv8 Investments LLC bought a new stake in shares of Trump Media & Technology Group during the 4th quarter valued at $30,000. Vermillion & White Wealth Management Group LLC boosted its position in shares of Trump Media & Technology Group by 37.2% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock worth $39,000 after acquiring an additional 587 shares in the last quarter. International Assets Investment Management LLC bought a new position in Trump Media & Technology Group in the fourth quarter valued at approximately $40,000. Larson Financial Group LLC increased its stake in Trump Media & Technology Group by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock valued at $41,000 after acquiring an additional 1,286 shares during the last quarter. Finally, Global Retirement Partners LLC raised its position in Trump Media & Technology Group by 89.2% during the fourth quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock valued at $49,000 after purchasing an additional 1,758 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

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.