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

Trump Media & Technology Group Corp. (NASDAQ:DJTGet Free Report) saw some unusual options trading activity on Thursday. 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.

Trending Headlines about Trump Media & Technology Group

Here are the key news stories impacting Trump Media & Technology Group this week:

Trump Media & Technology Group Stock Up 8.1%

DJT stock opened at $16.07 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 42.78 and a quick ratio of 42.78. The company’s 50 day simple moving average is $13.05 and its 200-day simple moving average is $16.29. Trump Media & Technology Group has a 12 month low of $10.18 and a 12 month high of $43.46. The firm has a market capitalization of $4.50 billion, a PE ratio of -27.24 and a beta of 4.59.

Insider Activity at Trump Media & Technology Group

In related news, Director Eric Swider sold 5,200 shares of the company’s 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 sale, the director owned 18,841 shares in the company, valued at $199,526.19. This represents a 21.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 53.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Trump Media & Technology Group

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in shares of Trump Media & Technology Group by 53.1% in the third quarter. Vanguard Group Inc. now owns 14,834,151 shares of the company’s stock valued at $243,577,000 after acquiring an additional 5,143,195 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Trump Media & Technology Group by 13.5% in the 2nd quarter. Geode Capital Management LLC now owns 1,823,997 shares of the company’s stock valued at $32,908,000 after purchasing an additional 216,718 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in Trump Media & Technology Group in the 2nd quarter valued at about $24,549,000. Man Group plc boosted its stake in shares of Trump Media & Technology Group by 1,775.2% during the 3rd quarter. Man Group plc now owns 703,970 shares of the company’s stock worth $11,559,000 after purchasing an additional 666,429 shares during the last quarter. Finally, Hancock Prospecting Pty Ltd grew its holdings in shares of Trump Media & Technology Group by 72.0% during the third quarter. Hancock Prospecting Pty Ltd now owns 430,000 shares of the company’s stock worth $7,061,000 after buying an additional 180,000 shares in the last quarter. 4.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Read Our Latest Analysis on DJT

About Trump Media & Technology Group

(Get Free Report)

Trump Media & Technology Group (NASDAQ: DJT) is a U.S.-based digital media and technology company focused on social networking and content distribution. The firm’s flagship offering, Truth Social, is designed as an alternative social media platform with features for user-generated posts, direct messaging and community engagement. In addition to its core social network, TMTG has signaled plans for a subscription-based streaming service and other digital content ventures under the TMTG+ brand, aiming to expand its multimedia footprint.

Founded in October 2021 by former President Donald J.

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