Trump Media & Technology Group (NASDAQ:DJT) General Counsel Acquires $10,460.00 in Stock

Trump Media & Technology Group Corp. (NASDAQ:DJT - Get Free Report) General Counsel Scott Glabe bought 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $10.46 per share, for a total transaction of $10,460.00. Following the completion of the transaction, the general counsel directly owned 326,236 shares of the company's stock, valued at $3,412,428.56. This represents a 0.31% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Trump Media & Technology Group Stock Performance

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DJT traded up $0.27 during midday trading on Thursday, reaching $10.56. The company had a trading volume of 3,334,516 shares, compared to its average volume of 7,258,083. The business has a 50-day moving average of $15.55 and a two-hundred day moving average of $18.22. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42. Trump Media & Technology Group Corp. has a 1 year low of $10.27 and a 1 year high of $43.46. The company has a market cap of $2.96 billion, a P/E ratio of -17.89 and a beta of 4.56.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of Trump Media & Technology Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of "Sell".

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Check Out Our Latest Stock Analysis on DJT

Institutional Trading of Trump Media & Technology Group

Several institutional investors have recently made changes to their positions in DJT. Vanguard Group Inc. boosted its stake in Trump Media & Technology Group by 53.1% in the 3rd quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company's stock worth $243,577,000 after purchasing an additional 5,143,195 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Trump Media & Technology Group during the second quarter worth $24,549,000. Man Group plc grew its stake in Trump Media & Technology Group by 1,775.2% during the third quarter. Man Group plc now owns 703,970 shares of the company's stock valued at $11,559,000 after acquiring an additional 666,429 shares in the last quarter. Nuveen LLC bought a new stake in Trump Media & Technology Group in the 1st quarter valued at $4,245,000. Finally, Geode Capital Management LLC lifted its stake in Trump Media & Technology Group by 13.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company's stock worth $32,908,000 after purchasing an additional 216,718 shares in the last quarter. Hedge funds and other institutional investors own 4.29% of the company's stock.

Trump Media & Technology Group Company Profile

(Get Free Report)

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Trump Media & Technology Group Corp. engages in operating social media and in the technology business. Its brands include TRUTH Social, TMTG+ and TMTG News. The company was founded on March 28, 2024 and is headquartered in Sarasota, FL.

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