Trump Media & Technology Group (NASDAQ:DJT) Shares Gap Down - Should You Sell?

Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT) saw a significant drop in value when the market opened on Tuesday. The stock closed at $40.03 prior to the opening but started trading at $37.59. As of the last trade, shares were priced at $34.65, with a total volume of 9,186,814 shares exchanged.

Trump Media & Technology Group Stock Performance

The company maintains a quick ratio and current ratio of 47.49, indicating a strong liquidity position. Its debt-to-equity ratio is at a minimal 0.01. The stock has a 50-day moving average price of $34.66 and a 200-day moving average price of $28.94. On November 5th, the company reported its latest earnings, revealing an earnings per share (EPS) of ($0.10) along with a revenue of $1.01 million for that quarter.

Insider Transactions at Trump Media & Technology Group

Recent insider activity indicates a trend among company executives selling significant amounts of stock. On November 8th, General Counsel Scott Glabe sold 15,917 shares at an average price of $32.19, totaling $512,368.23. Following this, Glabe's ownership decreased, with 336,576 shares still held in the company, valued at approximately $10,834,381.04. Additionally, CFO Phillip Juhan sold 320,000 shares at an average price of $30.65, amounting to approximately $9,808,000.00. Juhan now possesses 329,798 shares worth about $10,108,308.70, representing a substantial reduction of 49.25% in his stake. Over the last quarter, insiders have sold a total of 536,100 shares, valued at $16,274,894, leaving them with 14.80% of the company's stock.

Institutional Inflows and Outflows

In recent months, several institutional investors have adjusted their positions regarding DJT shares. Tsfg LLC entered a new position during the fourth quarter valued at about $31,000. Avior Wealth Management LLC increased its stake by 18.7%, now holding 5,826 shares valued at $199,000 after buying an additional 916 shares. Rakuten Securities Inc. and Geneos Wealth Management Inc. also purchased new stakes worth approximately $27,000 and $57,000, respectively. Currently, institutional investors hold around 4.29% of the stock.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. specializes in social media, developing a platform called Truth Social which services users in the United States. Founded in 2021, the company is headquartered in Sarasota, Florida.

Should You Invest $1,000 in Trump Media & Technology Group Right Now?

Before deciding to invest in Trump Media & Technology Group, potential investors should consider the current market recommendations. As of now, analysts have rated the stock as a 'Hold', while highlighting five other stocks they believe are better investment opportunities.

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