Trump Media & Technology Group (NASDAQ:DJT) Sees Strong Trading Volume – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT) saw an uptick in trading volume on Wednesday. 5,081,880 shares were traded during trading, an increase of 13% from the average daily volume of 4,484,448 shares. The stock last traded at $5.1750 and had previously closed at $4.28.

Wall Street Analysts Forecast Growth

DJT has been the topic of a number of recent research reports. Weiss Ratings lowered Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 2nd. Wall Street Zen cut Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a report on Sunday, November 1st. One investment 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 Trading Down 4.2%

The company’s 50 day simple moving average is $7.45 and its 200-day simple moving average is $8.93.

Trump Media & Technology Group (NASDAQ:DJT) last posted its quarterly earnings data on Monday, November 9th. The company reported $1.38 earnings per share for the quarter. The business had revenue of $2.97 million during the quarter. Trump Media & Technology Group had a negative net margin of 12,890.59% and a negative return on equity of 40.61%.

Institutional Trading of Trump Media & Technology Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new position in shares of Trump Media & Technology Group during the 2nd quarter worth $101,684,000. Yorkville Advisors Global LP purchased a new stake in shares of Trump Media & Technology Group in the second quarter valued at $17,618,903. State Street Corp increased its stake in Trump Media & Technology Group by 32.0% in the second quarter. State Street Corp now owns 4,191,672 shares of the company’s stock valued at $32,444,000 after purchasing an additional 1,015,305 shares during the last quarter. Anson Funds Management LP acquired a new position in Trump Media & Technology Group in the first quarter valued at $6,598,000. Finally, Bank of New York Mellon Corp acquired a new position in Trump Media & Technology Group in the second quarter valued at $4,047,000. 4.29% of the stock is owned by hedge funds and other institutional investors.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group operates Truth Social, a social media platform where users can publish posts called “Truths,” share other users’ posts and follow accounts. The company has positioned the platform as an alternative social network focused on open expression. The company has expanded beyond social media with Truth+, a streaming service offering video content, and Truth.Fi, a financial services and investment brand announced in 2025. Its offerings and business activities are primarily directed toward U.S. users and customers.