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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 General Counsel and Secretary Glabe Scott unloaded Company’s shares for reported $0.51 million on Nov 08 ’24. In the deal valued at $32.19 per share,15,917 shares were sold. As a result of this transaction, Glabe Scott now holds 336,576 shares worth roughly $10.26 million.

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Then, Juhan Phillip sold 320,000 shares, generating $9,808,000 in total proceeds. Upon selling the shares at $30.65, the CFO and Treasurer now owns 329,798 shares.

Before that, Juhan Phillip sold 64,000 shares. Trump Media & Technology Group Corp shares valued at $2,110,080 were divested by the CFO and Treasurer at a price of $32.97 per share. As a result of the transaction, Juhan Phillip now holds 265,798 shares, worth roughly $8.1 million.

Price Performance Review of DJT

On Tuesday, Trump Media & Technology Group Corp [NASDAQ:DJT] saw its stock fall -8.80% to $30.47. Over the last five days, the stock has lost -10.22%. Trump Media & Technology Group Corp shares have risen nearly 74.11% since the year began. Nevertheless, the stocks have risen 101.25% 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 $24.61, while 200 days put it at $34.97.

Levels Of Support And Resistance For DJT Stock

The 24-hour chart illustrates a support level at 29.65, which if violated will result in even more drops to 28.82. On the upside, there is a resistance level at 31.65. A further resistance level may holdings at 32.82. The Relative Strength Index (RSI) on the 14-day chart is 49.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.53%. Stochastics %K at 18.69% 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 2024-10-15, dropping by -1.28 million shares to a total of 13.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.45 million shares. There was a decline of -9.68%, which implies that there is a negative sentiment for the stock.

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