Rep. Morgan McGarvey Sells Off Shares of Trump Media & Technology Group Corp. (NASDAQ:DJT)

Representative Morgan McGarvey (D-Kentucky) recently sold shares of Trump Media & Technology Group Corp. (NASDAQ:DJT). In a filing disclosed on December 10th, the Representative disclosed that they had sold between $1,001 and $15,000 in Trump Media & Technology Group stock on November 8th. The trade occurred in the Representative’s “CHRIS IRA” account.

Representative Morgan McGarvey also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Shell (NYSE:SHEL) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Interactive Brokers Group (NASDAQ:IBKR) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 11/13/2024.
• Sold $1,001 – $15,000 in shares of Charles Schwab (NYSE:SCHW) on 11/13/2024.
• Sold $15,001 – $50,000 in shares of NVIDIA (NASDAQ:NVDA) on 11/13/2024.
• Purchased $1,001 – $15,000 in shares of Trump Media & Technology Group (NASDAQ:DJT) on 11/6/2024.
• Purchased $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 10/25/2024.

Trump Media & Technology Group Price Performance

Shares of Trump Media & Technology Group stock opened at $36.23 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 47.49 and a quick ratio of 47.49. The business has a 50-day moving average price of $30.91 and a 200 day moving average price of $29.37. Trump Media & Technology Group Corp. has a fifty-two week low of $11.75 and a fifty-two week high of $79.38.

Institutional Investors Weigh In On Trump Media & Technology Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. acquired a new stake in shares of Trump Media & Technology Group in the 3rd quarter worth about $27,000. Larson Financial Group LLC acquired a new position in shares of Trump Media & Technology Group during the 3rd quarter valued at $30,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Trump Media & Technology Group in the third quarter valued at $34,000. MetLife Investment Management LLC bought a new position in Trump Media & Technology Group during the third quarter valued at about $43,000. Finally, Allworth Financial LP bought a new stake in Trump Media & Technology Group in the third quarter worth about $48,000. 4.29% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Eric Swider sold 136,183 shares of Trump Media & Technology Group stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $28.23, for a total value of $3,844,446.09. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Phillip Juhan sold 320,000 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $30.65, for a total value of $9,808,000.00. Following the completion of the sale, the chief financial officer now directly owns 329,798 shares of the company’s stock, valued at approximately $10,108,308.70. This trade represents a 49.25 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 536,100 shares of company stock worth $16,274,894. 14.80% of the stock is owned by corporate insiders.

About Representative McGarvey

Morgan McGarvey (Democratic Party) is a member of the U.S. House, representing Kentucky’s 3rd Congressional District. He assumed office on January 3, 2023. His current term ends on January 3, 2025. McGarvey (Democratic Party) is running for re-election to the U.S. House to represent Kentucky’s 3rd Congressional District. He declared candidacy for the Democratic primary scheduled on May 21, 2024. McGarvey served as state Senate minority leader from 2019 to 2023. Morgan McGarvey was born in Louisville, Kentucky. McGarvey earned a bachelor’s degree in journalism from the University of Missouri and a law degree from the University of Kentucky. His career experience includes working as an attorney with Morgan & Pottinger PSC. McGarvey has been affiliated with the Young Professionals Association of Louisville and the New Leaders Council.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. develops a social media platform known as Truth Social that offers social networking services in the United States. The company was founded in 2021 and is based in Sarasota, Florida.