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

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the recipient of some unusual options trading activity on Monday. Investors bought 23,209 call options on the company. This is an increase of approximately 16% compared to the average daily volume of 20,074 call options.

Trump Media & Technology Group Stock Up 4.0%

Trump Media & Technology Group stock traded up $0.35 during midday trading on Monday, reaching $9.21. The stock had a trading volume of 2,973,835 shares, compared to its average volume of 4,278,368. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of -1.88 and a beta of 4.05. Trump Media & Technology Group has a 52-week low of $6.96 and a 52-week high of $17.97. The company has a fifty day moving average of $9.20 and a 200 day moving average of $9.02.

Analyst Ratings Changes

DJT has been the topic of a number of recent research reports. Wall Street Zen downgraded Trump Media & Technology Group to a “strong sell” rating in a research report on Saturday, September 5th. Weiss Ratings downgraded Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Institutional Trading of Trump Media & Technology Group

A number of large investors have recently modified their holdings of the company. Nykredit A S purchased a new stake in shares of Trump Media & Technology Group in the 2nd quarter worth $31,000. Global Assets Advisory LLC bought a new stake in shares of Trump Media & Technology Group in the first quarter valued at about $34,000. Root Financial Partners LLC raised its holdings in shares of Trump Media & Technology Group by 44,011.1% in the first quarter. Root Financial Partners LLC now owns 3,970 shares of the company’s stock valued at $37,000 after acquiring an additional 3,961 shares in the last quarter. Larson Financial Group LLC lifted its stake in Trump Media & Technology Group by 70.7% in the fourth quarter. Larson Financial Group LLC now owns 3,104 shares of the company’s stock worth $41,000 after acquiring an additional 1,286 shares during the period. Finally, Strategic Wealth Partners Ltd. grew its holdings in Trump Media & Technology Group by 60.1% during the 2nd quarter. Strategic Wealth Partners Ltd. now owns 6,660 shares of the company’s stock worth $52,000 after acquiring an additional 2,500 shares in the last quarter. Hedge funds and other institutional investors own 4.29% of the company’s stock.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. is a technology and media company focused on developing digital platforms and services intended to support free expression and alternative media. The company is best known for Truth Social, a social-media platform that enables users to create profiles, publish posts, follow other users and engage with content.

Through its TMTG+ business, the company has also pursued streaming media offerings, including video-on-demand and live-streaming content.