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 activity on Tuesday. Stock traders acquired 93,532 call options on the company. This is an increase of 63% compared to the typical daily volume of 57,363 call options.

Insiders Place Their Bets

In other Trump Media & Technology Group news, Director Eric Swider sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $17.61, for a total value of $88,050.00. Following the transaction, the director directly owned 24,041 shares of the company’s stock, valued at $423,362.01. This trade represents a 17.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 53.00% of the stock is owned by company insiders.

Institutional Trading of Trump Media & Technology Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD raised its position in Trump Media & Technology Group by 43.1% in the second quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock valued at $34,000 after purchasing an additional 575 shares during the period. Meeder Asset Management Inc. purchased a new stake in Trump Media & Technology Group in the first quarter valued at approximately $39,000. Vermillion & White Wealth Management Group LLC raised its position in Trump Media & Technology Group by 37.2% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock valued at $39,000 after purchasing an additional 587 shares during the period. Golden State Wealth Management LLC raised its position in Trump Media & Technology Group by 21.6% in the first quarter. Golden State Wealth Management LLC now owns 2,308 shares of the company’s stock valued at $45,000 after purchasing an additional 410 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in Trump Media & Technology Group by 68.4% in the second quarter. Daiwa Securities Group Inc. now owns 3,012 shares of the company’s stock valued at $54,000 after purchasing an additional 1,223 shares during the period. Hedge funds and other institutional investors own 4.29% of the company’s stock.

Trump Media & Technology Group Stock Up 0.8%

DJT stock opened at $16.16 on Wednesday. The firm has a market cap of $4.48 billion, a PE ratio of -32.98 and a beta of 4.59. The company has a debt-to-equity ratio of 0.41, a quick ratio of 132.60 and a current ratio of 132.60. The firm’s 50 day moving average price is $16.90 and its 200-day moving average price is $19.36. Trump Media & Technology Group has a one year low of $15.40 and a one year high of $54.68.

Trump Media & Technology Group (NASDAQ:DJT) last announced its earnings results on Friday, August 1st. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $0.88 million during the quarter. Trump Media & Technology Group had a negative net margin of 2,922.66% and a negative return on equity of 8.86%.

Analyst Upgrades and Downgrades

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

About Trump Media & Technology Group

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.