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

Trump Media & Technology Group Corp. (NASDAQ:DJT) saw some unusual options trading on Friday. Stock investors purchased 39,493 call options on the stock. This represents an increase of approximately 91% compared to the typical daily volume of 20,721 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Key Headlines Impacting Trump Media & Technology Group

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

• Positive Sentiment: Trump Media launched Truth API, a paid feed aimed at Wall Street firms and other institutions that want the fastest access to Truth Social posts, potentially opening a new subscription-based revenue source. Trump Media unveils data feed for businesses tracking Truth Social posts
• Positive Sentiment: The company says the service could give paying firms an edge on market-moving posts, suggesting stronger monetization potential for Truth Social traffic and higher investor interest in the platform’s data business. Trump Media to Sell Faster Access to President’s Social Posts
• Neutral Sentiment: Several outlets reported the same plan, including that institutional clients may pay a monthly fee for the “fastest” access to Trump’s posts, reinforcing the idea that the announcement is the main catalyst for trading in DJT. Truth Social launches service to give Wall Street traders an edge with real-time service
• Neutral Sentiment: Unusually heavy call-option buying also points to speculative interest in the stock around the news, though that activity does not by itself confirm a fundamental improvement.
• Negative Sentiment: Critics are focusing on the optics and potential conflicts of selling faster access to the president’s posts, which could draw regulatory scrutiny and limit enthusiasm among some investors. Opinion | Trump and Truth Social

Trump Media & Technology Group Trading Up 0.3%

DJT opened at $9.66 on Friday. The company has a market cap of $2.67 billion, a P/E ratio of -2.34 and a beta of 4.10. The company’s 50 day moving average is $8.41 and its 200-day moving average is $10.10. Trump Media & Technology Group has a 1-year low of $6.96 and a 1-year high of $20.92.

Institutional Trading of Trump Media & Technology Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of Trump Media & Technology Group by 6.9% in the 4th quarter. Vanguard Group Inc. now owns 15,857,828 shares of the company’s stock valued at $209,958,000 after acquiring an additional 1,023,677 shares during the last quarter. Clear Street Group Inc. boosted its holdings in shares of Trump Media & Technology Group by 323,356.9% during the 4th quarter. Clear Street Group Inc. now owns 1,297,062 shares of the company’s stock valued at $17,173,000 after acquiring an additional 1,296,661 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Trump Media & Technology Group by 114,382.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 507,159 shares of the company’s stock worth $6,715,000 after acquiring an additional 506,716 shares during the last quarter. Creek Drive Management Group LLC bought a new stake in Trump Media & Technology Group during the 4th quarter worth $3,310,000. Finally, Asset One Wealth Management LLC bought a new stake in Trump Media & Technology Group during the 4th quarter worth $1,895,000. Institutional investors and hedge funds own 4.29% of the company’s stock.

About Trump Media & Technology Group

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.