Trump Media & Technology Group (NASDAQ:DJT) Shares Down 4.5% – Here’s What Happened

Trump Media & Technology Group Corp. (NASDAQ:DJT)’s share price dropped 4.5% on Monday. The company traded as low as $6.70 and last traded at $6.6750. Approximately 1,105,894 shares traded hands during trading, a decline of 74% from the average daily volume of 4,204,212 shares. The stock had previously closed at $6.99.

Key Stories Impacting Trump Media & Technology Group

Here are the key news stories impacting Trump Media & Technology Group this week:

• Positive Sentiment: No clearly positive company-specific developments were reported in the latest coverage.
• Neutral Sentiment: A financial comparison examined DJT alongside ZoomInfo Technologies, but provided no new catalyst specific to Trump Media. Trump Media & Technology Group versus ZoomInfo Technologies Financial Review
• Negative Sentiment: Trump Media’s sell-off continued, with shares reaching an all-time or 52-week low. Coverage cited rising concerns about the company’s ability to grow revenue and generate profits, suggesting the stock could remain weak in the near term. Here’s why Trump Media stock is in freefall ahead of midterm elections Trump Media stock hits 52-week low
• Negative Sentiment: Traders purchased 21,143 put options on DJT, about 16% above the average daily volume. The elevated put activity indicates stronger demand for downside protection or bearish positioning and may add to near-term volatility.
• Negative Sentiment: DJT fell even as the broader market and rival Rumble rose, indicating that the recent selling appears company-specific rather than solely driven by overall market weakness. Trump Media Drops While Rumble Climbs
• Negative Sentiment: One analysis said the shares continue to trade at a premium to book value despite the steep decline, raising questions about whether DJT remains overvalued relative to its underlying assets. DJT Trades at a Premium to Book Value

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of Trump Media & Technology Group from a “strong sell” rating to a “sell” rating in a report on Saturday, October 10th. Weiss Ratings lowered Trump Media & Technology Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Trump Media & Technology Group Stock Up 0.6%

The firm has a 50 day moving average price of $8.64 and a two-hundred day moving average price of $8.83.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Trump Media & Technology Group in the 3rd quarter valued at $92,000. Abel Hall LLC purchased a new position in Trump Media & Technology Group in the third quarter valued at about $126,000. Farther Finance Advisors LLC lifted its stake in shares of Trump Media & Technology Group by 55.6% during the third quarter. Farther Finance Advisors LLC now owns 4,734 shares of the company’s stock worth $43,000 after purchasing an additional 1,691 shares in the last quarter. State Street Corp lifted its stake in shares of 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 purchasing an additional 1,015,305 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Trump Media & Technology Group by 107.6% during the second quarter. The Manufacturers Life Insurance Company now owns 73,679 shares of the company’s stock worth $570,000 after purchasing an additional 38,193 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 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.