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

by · The Markets Daily

Trump Media & Technology Group Corp. (NASDAQ:DJT – Get Free Report) saw some unusual options trading on Tuesday. Investors acquired 129,662 call options on the stock. This represents an increase of 30% compared to the typical volume of 99,912 call options.

Trump Media & Technology Group Trading Up 15.5 %

NASDAQ:DJT opened at $31.26 on Thursday. The stock has a 50-day simple moving average of $19.76 and a 200 day simple moving average of $32.09. Trump Media & Technology Group has a one year low of $11.75 and a one year high of $79.38.

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

Insider Activity

In related news, CTO Vladimir Novachki sold 7,801 shares of the business’s stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $22.70, for a total value of $177,082.70. Following the transaction, the chief technology officer now owns 37,199 shares in the company, valued at approximately $844,417.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CTO Vladimir Novachki sold 7,801 shares of the firm’s stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $22.70, for a total transaction of $177,082.70. Following the completion of the sale, the chief technology officer now owns 37,199 shares of the company’s stock, valued at approximately $844,417.30. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Andrew Northwall sold 3,467 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were 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 in the company, valued at $375,299.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 128,138 shares of company stock worth $2,908,733 over the last ninety days. Corporate insiders own 14.80% of the company’s stock.

Institutional Trading of Trump Media & Technology Group

Institutional investors have recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC bought a new position in Trump Media & Technology Group in the 3rd quarter worth about $34,000. Avondale Wealth Management acquired a new position in shares of Trump Media & Technology Group during the third quarter worth approximately $64,000. CWM LLC bought a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $66,000. Vontobel Holding Ltd. bought a new position in Trump Media & Technology Group in the 3rd quarter worth approximately $386,000. Finally, Creative Planning acquired a new stake in Trump Media & Technology Group in the 3rd quarter valued at approximately $538,000. Institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

(Get Free Report)

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.

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