Trump Media & Technology Group (NASDAQ:DJT) Stock Price Down 5.2% – Time to Sell?

Trump Media & Technology Group Corp. (NASDAQ:DJT) shares were down 5.2% during mid-day trading on Thursday . The company traded as low as $10.67 and last traded at $10.7170. Approximately 2,267,050 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 7,064,501 shares. The stock had previously closed at $11.30.

Analyst Upgrades and Downgrades

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

Trump Media & Technology Group Price Performance

The firm’s fifty day moving average price is $13.76 and its two-hundred day moving average price is $16.76. The stock has a market capitalization of $3.05 billion, a PE ratio of -18.49 and a beta of 4.59. The company has a quick ratio of 42.78, a current ratio of 42.78 and a debt-to-equity ratio of 0.42.

Insider Activity

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 transaction of $55,068.00. Following the completion of the sale, the director owned 18,841 shares of the company’s stock, valued at $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 this link. 53.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Main Street Group LTD increased its holdings in Trump Media & Technology Group by 43.1% during the second quarter. Main Street Group LTD now owns 1,908 shares of the company’s stock valued at $34,000 after buying an additional 575 shares during the last quarter. Deutsche Bank AG grew its position in shares of 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 acquiring an additional 579 shares during the period. Vermillion & White Wealth Management Group LLC grew 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 valued at $39,000 after acquiring an additional 587 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Trump Media & Technology Group by 5.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,568 shares of the company’s stock valued at $295,000 after purchasing an additional 753 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in Trump Media & Technology Group by 17.6% during the second quarter. IFP Advisors Inc now owns 5,088 shares of the company’s stock valued at $93,000 after purchasing an additional 762 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

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.