Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trump Media & Technology Group Corp. shares valued at $177,083 were sold by Novachki Vladimir on Aug 22 ’24. At $22.70 per share, Novachki Vladimir sold 7,801 shares. The insider’s holdings dropped to 37,199 shares worth approximately $0.65 million following the completion of this transaction.
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Also, Juhan Phillip sold 84,941 shares, netting a total of over 1,928,161 in proceeds. Following the sale of shares at $22.70 each, the insider now holds 405,059 shares.
Before that, Glabe Scott had sold 4,083 shares from its account. In a trade valued at $92,684, the General Counsel and Secretary traded Trump Media & Technology Group Corp. shares for $22.70 each. Upon closing the transaction, the insider’s holdings decreased to 4,083 shares, worth approximately $0.28 million.
Analyzing DJT Stock Performance
During the last five days, there has been a drop of approximately -13.43%. Over the course of the year, Trump Media & Technology Group Corp. shares have dropped approximately -0.57%. Shares of the company reached a 52-week high of $79.38 on 03/26/24 and a 52-week low of $16.70 on 09/05/24. A 50-day SMA is recorded $27.89, while a 200-day SMA reached $34.03. Nevertheless, trading volume fell to 5.87 million shares from 5.42 million shares the previous day.
Support And Resistance Levels for Trump Media & Technology Group Corp. (DJT)
According to the 24-hour chart, there is a support level at 16.82, which, if violated, would cause prices to drop to 16.23. In the upper region, resistance lies at 17.87. The next price resistance is at 18.33. RSI (Relative Strength Index) is 27.14 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.30, which suggests the price will decrease in the coming days. Percent R is at 91.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
