Investors Purchase High Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) saw some unusual options trading activity on Thursday. Stock traders purchased 118,731 call options on the company. This represents an increase of 146% compared to the typical volume of 48,235 call options.

Trump Media & Technology Group Price Performance

Shares of DJT traded up $3.73 during mid-day trading on Thursday, reaching $14.20. 56,407,537 shares of the stock traded hands, compared to its average volume of 7,183,680. The company has a market cap of $3.98 billion, a price-to-earnings ratio of -24.00 and a beta of 4.59. The company has a current ratio of 42.78, a quick ratio of 42.78 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $13.09 and a 200 day moving average price of $16.34. Trump Media & Technology Group has a 1 year low of $10.18 and a 1 year high of $43.46.

Wall Street Analyst Weigh In

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

Insider Transactions at Trump Media & Technology Group

In other Trump Media & Technology Group news, Director Eric Swider sold 5,200 shares of Trump Media & Technology Group stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $10.59, for a total value of $55,068.00. Following the transaction, the director directly owned 18,841 shares of the company’s stock, valued at $199,526.19. The trade was a 21.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 53.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Swiss National Bank increased its holdings in shares of Trump Media & Technology Group by 88.4% in the 2nd quarter. Swiss National Bank now owns 316,700 shares of the company’s stock worth $5,713,000 after buying an additional 148,600 shares during the last quarter. Handelsbanken Fonder AB purchased a new position in Trump Media & Technology Group in the second quarter worth $424,000. RK Capital Management LLC FL bought a new position in Trump Media & Technology Group in the second quarter valued at $920,000. XTX Topco Ltd bought a new position in Trump Media & Technology Group in the second quarter valued at $1,017,000. Finally, Spire Wealth Management raised its position in Trump Media & Technology Group by 628.1% during the second quarter. Spire Wealth Management now owns 29,050 shares of the company’s stock valued at $524,000 after purchasing an additional 25,060 shares in the last quarter. 4.29% of the stock is owned by hedge funds and other institutional investors.

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.