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Recent Insider Activity Suggests Potential Gains for Trump Media & Technology Group Corp. (DJT)

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 $1.28 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 $0.55 million.

Price Performance Review of DJT

On Tuesday, Trump Media & Technology Group Corp. [NASDAQ:DJT] saw its stock jump 9.87% to $34.39. Over the last five days, the stock has gained 27.09%. Trump Media & Technology Group Corp. shares have risen nearly 96.51% since the year began. Nevertheless, the stocks have risen 128.35% over the past one year. While a 52-week high of $79.38 was reached on 03/26/24, a 52-week low of $11.75 was recorded on 09/24/24. SMA at 50 days reached $20.33, while 200 days put it at $34.41.

Levels Of Support And Resistance For DJT Stock

The 24-hour chart illustrates a support level at 32.28, which if violated will result in even more drops to 30.17. On the upside, there is a resistance level at 35.54. A further resistance level may holdings at 36.69. The Relative Strength Index (RSI) on the 14-day chart is 73.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.00%. Stochastics %K at 87.56% indicates the stock is a selling.

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 2024-09-30, dropping by -1.58 million shares to a total of 11.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.01 million shares. There was a decline of -13.79%, which implies that there is a negative sentiment for the stock.

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