Traders Purchase Large Volume of Trump Media & Technology Group Call Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) saw unusually large options trading activity on Monday. Investors bought 23,596 call options on the stock. This represents an increase of 27% compared to the average daily volume of 18,511 call options.

Institutional Investors Weigh In On Trump Media & Technology Group

Institutional investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Trump Media & Technology Group by 8.6% during the third quarter. Commonwealth Equity Services LLC now owns 54,769 shares of the company’s stock valued at $496,000 after purchasing an additional 4,351 shares during the last quarter. TrinityBridge Ltd acquired a new position in Trump Media & Technology Group in the 3rd quarter worth about $1,206,000. Trueblood Wealth Management LLC increased its position in Trump Media & Technology Group by 28.5% in the 3rd quarter. Trueblood Wealth Management LLC now owns 45,047 shares of the company’s stock worth $408,000 after purchasing an additional 10,000 shares during the last quarter. Root Financial Partners LLC acquired a new position in Trump Media & Technology Group in the 3rd quarter worth about $39,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of Trump Media & Technology Group by 2.8% during the 3rd quarter. Axxcess Wealth Management LLC now owns 72,161 shares of the company’s stock worth $654,000 after purchasing an additional 1,960 shares in the last quarter. Institutional investors and hedge funds own 4.29% of the company’s stock.

Trump Media & Technology Group Trading Up 1.3%

NASDAQ:DJT traded up $0.07 on Monday, hitting $5.66. 5,901,596 shares of the company’s stock traded hands, compared to its average volume of 4,271,058. The company has a market cap of $1.57 billion, a PE ratio of -1.16 and a beta of 1.35. Trump Media & Technology Group has a 1 year low of $5.40 and a 1 year high of $17.09. The firm has a 50-day moving average price of $8.29 and a 200-day moving average price of $9.35.

Analyst Ratings Changes

Several equities analysts have weighed in on DJT shares. Weiss Ratings cut shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 2nd. Wall Street Zen lowered Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. is a media and technology company focused on developing social media, streaming and other digital services. Its principal platform is Truth Social, a social networking service that enables users to create posts, follow accounts and participate in online discussions.

The company also operates Truth+, a streaming platform offering video content, including news and entertainment programming. TMTG has additionally announced plans to develop Truth.Fi, a financial services and technology initiative intended to include products such as separately managed accounts, exchange-traded funds and other investment-related offerings.