Trump Media & Technology Group (NASDAQ:DJT) Shares Down 7.4% – Here’s Why

Trump Media & Technology Group Corp. (NASDAQ:DJTGet Free Report)’s stock price fell 7.4% during mid-day trading on Tuesday . The stock traded as low as $9.00 and last traded at $9.05. Approximately 2,035,222 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 4,359,840 shares. The stock had previously closed at $9.77.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Trump Media & Technology Group in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Trump Media & Technology Group currently has a consensus rating of “Sell”.

Read Our Latest Stock Analysis on Trump Media & Technology Group

Trump Media & Technology Group Trading Down 7.3%

The stock has a market capitalization of $2.52 billion, a P/E ratio of -1.85 and a beta of 4.07. The business’s fifty day simple moving average is $8.96 and its two-hundred day simple moving average is $9.19.

Institutional Investors Weigh In On Trump Media & Technology Group

A number of institutional investors have recently added to or reduced their stakes in DJT. Motiv8 Investments LLC bought a new position in Trump Media & Technology Group during the fourth quarter valued at about $30,000. Nykredit A S acquired a new stake in shares of Trump Media & Technology Group during the 2nd quarter worth approximately $31,000. Global Assets Advisory LLC acquired a new stake in shares of Trump Media & Technology Group during the 1st quarter worth approximately $34,000. Root Financial Partners LLC increased its position in shares of Trump Media & Technology Group by 44,011.1% during the first quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after purchasing an additional 3,961 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Trump Media & Technology Group in the fourth quarter valued at $40,000. 4.29% of the stock is owned by institutional investors and hedge funds.

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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