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 $512,368 were sold by Glabe Scott on Nov 08 ’24. At $32.19 per share, Glabe Scott sold 15,917 shares. The insider’s holdings dropped to 336,576 shares worth approximately $11.89 million following the completion of this transaction.
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Also, Juhan Phillip sold 320,000 shares, netting a total of over 9,808,000 in proceeds. Following the sale of shares at $30.65 each, the insider now holds 329,798 shares.
Before that, Juhan Phillip had sold 64,000 shares from its account. In a trade valued at $2,110,080, the CFO and Treasurer traded Trump Media & Technology Group Corp shares for $32.97 each. Upon closing the transaction, the insider’s holdings decreased to 64,000 shares, worth approximately $9.39 million.
Analyzing DJT Stock Performance
During the last five days, there has been a drop of approximately -2.51%. Over the course of the year, Trump Media & Technology Group Corp shares have jumped approximately 101.83%. Shares of the company reached a 52-week high of $79.38 on 03/26/24 and a 52-week low of $11.75 on 09/24/24. A 50-day SMA is recorded $32.95, while a 200-day SMA reached $33.51. Nevertheless, trading volume fell to 12.81 million shares from 9.01 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 33.58, which, if violated, would cause prices to drop to 31.85. In the upper region, resistance lies at 37.85. The next price resistance is at 40.39. RSI (Relative Strength Index) is 53.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.15, which suggests the price will increase in the coming days. Percent R is at 40.52%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
