Trump Media & Technology Group Sees Unusually Large Options Volume (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of unusually large options trading on Monday. Investors purchased 23,596 call options on the stock. This is an increase of approximately 27% compared to the typical daily volume of 18,511 call options.

Institutional Investors Weigh In On Trump Media & Technology Group

Large investors have recently bought and sold shares of the business. Yorkville Advisors Global LP bought a new position in Trump Media & Technology Group in the 2nd quarter worth $17,618,903. Quantinno Capital Management LP lifted its position in shares of Trump Media & Technology Group by 120.3% in the 1st quarter. Quantinno Capital Management LP now owns 219,265 shares of the company’s stock worth $2,035,000 after acquiring an additional 119,750 shares during the period. State Street Corp boosted its stake in Trump Media & Technology Group by 32.0% during the second quarter. State Street Corp now owns 4,191,672 shares of the company’s stock worth $32,444,000 after buying an additional 1,015,305 shares in the last quarter. BlackRock Inc. bought a new stake in Trump Media & Technology Group in the second quarter valued at about $101,684,000. Finally, Anson Funds Management LP acquired a new position in shares of Trump Media & Technology Group in the 1st quarter worth approximately $6,598,000. 4.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DJT. Wall Street Zen lowered shares of Trump Media & Technology Group from a “sell” rating to a “strong sell” rating in a research note on Sunday. Weiss Ratings cut shares of Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Sell rating. According to MarketBeat, Trump Media & Technology Group presently has an average rating of “Sell”.

Trump Media & Technology Group Stock Performance

Shares of DJT opened at $5.95 on Wednesday. Trump Media & Technology Group has a 52 week low of $5.40 and a 52 week high of $17.09. The company has a market capitalization of $1.65 billion, a PE ratio of -1.21 and a beta of 1.35. The company’s 50 day moving average price is $8.15 and its 200 day moving average price is $9.27.

Trump Media & Technology Group Company Profile

Trump Media & Technology Group Corp. is a media and technology company focused on developing social media, streaming and other digital services. Its principal platform is Truth Social, a social networking service that enables users to create posts, follow accounts and participate in online discussions.

The company also operates Truth+, a streaming platform offering video content, including news and entertainment programming. TMTG has additionally announced plans to develop Truth.Fi, a financial services and technology initiative intended to include products such as separately managed accounts, exchange-traded funds and other investment-related offerings.