Traders Buy High Volume of Trump Media & Technology Group Put Options (NASDAQ:DJT)

Trump Media & Technology Group Corp. (NASDAQ:DJT) was the target of unusually large options trading on Tuesday. Stock traders bought 98,554 put options on the stock. This represents an increase of approximately 112% compared to the typical volume of 46,551 put options.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Motiv8 Investments LLC purchased a new stake in shares of Trump Media & Technology Group during the 4th quarter worth approximately $30,000. Vermillion & White Wealth Management Group LLC boosted its position in Trump Media & Technology Group by 37.2% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 2,166 shares of the company’s stock worth $39,000 after purchasing an additional 587 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Trump Media & Technology Group during the fourth quarter worth $40,000. Larson Financial Group LLC grew its holdings 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 valued at $41,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Trump Media & Technology Group by 89.2% in the fourth quarter. Global Retirement Partners LLC now owns 3,728 shares of the company’s stock valued at $49,000 after buying an additional 1,758 shares in the last quarter. 4.29% of the stock is currently owned by institutional investors and hedge funds.

Trump Media & Technology Group Price Performance

Trump Media & Technology Group stock opened at $9.91 on Wednesday. The company has a market cap of $2.77 billion, a P/E ratio of -16.80 and a beta of 4.58. Trump Media & Technology Group has a one year low of $9.90 and a one year high of $30.29. The business has a fifty day moving average of $12.95 and a two-hundred day moving average of $14.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 42.78 and a current ratio of 42.78.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Trump Media & Technology Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

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.