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Taking a Closer Look At Trump Media & Technology Group Corp. (DJT) Following Its Recent Trade

Trump Media & Technology Group Corp.’s recently made public that its Chief Technology Officer Novachki Vladimir unloaded Company’s shares for reported $0.18 million on Aug 22 ’24. In the deal valued at $22.70 per share,7,801 shares were sold. As a result of this transaction, Novachki Vladimir now holds 37,199 shares worth roughly $0.78 million.

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Then, Juhan Phillip sold 84,941 shares, generating $1,928,161 in total proceeds. Upon selling the shares at $22.70, the CFO and Treasurer now owns 405,059 shares.

Before that, Glabe Scott sold 4,083 shares. Trump Media & Technology Group Corp. shares valued at $92,684 were divested by the General Counsel and Secretary at a price of $22.70 per share. As a result of the transaction, Glabe Scott now holds 15,917 shares, worth roughly $0.33 million.

Price Performance Review of DJT

On Tuesday, Trump Media & Technology Group Corp. [NASDAQ:DJT] saw its stock fall -3.36% to $20.99. Over the last five days, the stock has lost -1.98%. Trump Media & Technology Group Corp. shares have risen nearly 19.94% since the year began. Nevertheless, the stocks have risen 37.55% over the past one year. While a 52-week high of $79.38 was reached on 03/26/24, a 52-week low of $14.32 was recorded on 01/12/24. SMA at 50 days reached $29.46, while 200 days put it at $33.94.

Levels Of Support And Resistance For DJT Stock

The 24-hour chart illustrates a support level at 20.68, which if violated will result in even more drops to 20.38. On the upside, there is a resistance level at 21.52. A further resistance level may holdings at 22.06. The Relative Strength Index (RSI) on the 14-day chart is 32.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.72%. Stochastics%K at 10.44% indicates the stock is a buying.

How much short interest is there in Trump Media & Technology Group Corp.?

A steep rise in short interest was recorded in Trump Media & Technology Group Corp. stocks on 2024-07-31, growing by 3.06 million shares to a total of 8.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.22 million shares. There was a rise of 36.98%, which implies that there is a positive sentiment for the stock.

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