Traders Buying Call Options in Trump Media & Technology Group (NASDAQ:DJT)

On Tuesday, Trump Media & Technology Group Corp. (NASDAQ:DJT) was the focus of significant options trading activity. Traders purchased a total of 129,662 call options for the stock, indicating a keen interest in its future performance. This volume is approximately 30% higher than the average daily trading volume of 99,912 call options.

Insider Transactions

In related news, there have been several insider transactions involving Trump Media & Technology Group. On August 22nd, General Counsel Scott Glabe sold 4,083 shares of the company's stock at an average price of $22.70, amounting to a total of $92,684.10. After this transaction, he retains ownership of 15,917 shares, valued at about $361,315.90, marking a minimal decrease in his ownership percentage.

Similarly, COO Andrew Northwall sold 3,467 shares on the same day, also at $22.70 per share, totaling $78,700.90. His remaining stake stands at 16,533 shares, which are valued at approximately $375,299.10, again indicating a slight ownership change.

The combined insider sales over the past three months have reached 128,138 shares, valued at $2,908,733, with corporate insiders holding roughly 14.80% of the company's stock.

Institutional Investment Trends

In terms of institutional investment, several firms have recently adjusted their positions in Trump Media & Technology Group. In the third quarter, Sapient Capital LLC established a new position worth around $2,339,000. Other new positions include Creative Planning, which invested approximately $538,000, and CWM LLC with an investment of $66,000. Overall, institutional investors and hedge funds currently own about 4.29% of the company's stock.

Market Performance Overview

On Tuesday, the stock of Trump Media & Technology Group traded down by $2.89, concluding the day at $27.06. This trading day saw 98,873,153 shares exchanged, significantly higher than its average trading volume of 9,002,861 shares. The company has a 50-day moving average of $19.65 and a 200-day moving average of $32.34. Over the past year, the stock has experienced a low of $11.75 and a high of $79.38.

Additionally, the latest quarterly earnings report, released on August 9th, stated earnings of $0.10 per share on revenue totaling $0.84 million.

About Trump Media & Technology Group

Trump Media & Technology Group Corp. is known for developing a social media platform called Truth Social, which functions as a social networking service within the United States. The company, founded in 2021, is headquartered in Sarasota, Florida.

Conclusion

The recent surge in call options for Trump Media & Technology Group highlights a growing interest among traders, coinciding with ongoing insider transactions and institutional investments. As the stock market continues to evolve, analysts and investors alike will be watching closely to assess future opportunities.

traders, options, investments