Another Down Day for DJT Stock Investors Boo Hoo

A Closer Look at DJT as the Stock Continues to Tumble

At the end of the trading day on Wednesday, September 4, 2024, DJT stock closed down another $1.10, falling below $17.00 to $16.98 per share. This is notable because just four weeks ago, the stock closed at $25.72. That represents a drop of nearly 34% in only 19 trading days. Let’s dig a little deeper into the company.

About Trump Media & Technology Group Corp.

Trump Media & Technology Group Corp. develops a social media platform called Trust Social. It offers social networking services in the United States and was founded in 2021, based in Sarasota, Florida.

Key Executives

CEO, President & Chairman: Devin G. Nunes, pay $750,000 per year (also held promissory notes converted to 625,000 shares). Eligible for pay increase to $1,000,000 as of May 10, 2024.
CFO & Treasurer: Phillip Juhan, pay $337,500 per year (also held promissory notes converted to 490,000 shares).
Chief Operating Officer: Andrew Northwall, pay $365,000 per year (also held promissory notes converted to 20,000 shares).
Chief Technology Officer: Vladimir Novachki, pay N/A (held 45,000 shares when trading began March 25, 2024).
General Counsel & Secretary: Scott Glabe, pay N/A (held 153,153 shares when trading began March 25, 2024).
Chief Product Officer: Sandro De Moraes, pay N/A (held 20,000 shares when trading began March 25, 2024).

Board of Directors

Devin Nunes, President, CEO and Director
Eric S Swider, Director
Donald J. Trump, Director (78,750,000 shares, with an additional 36,000,000 shares potentially in earnout shares over three years)
Kashyap Patel, Director (Received compensation of $130,000 in 2023)
W. Kyle Green, Independent Director
Robert Lighthizer, Independent Director
Linda McMahon, Independent Director

Insider Holdings

67.83% of all shares outstanding are held by insiders, with approximately 57% of that by Donald Trump.

Shares Sold by Insiders

Scott Glabe, General Counsel, sold 15,917 shares on August 21, 2024 (approx. $363,700).
Phillip Juhan, CFO, sold 405,059 shares on August 21, 2024 (approx. $9,255,600).
Andrew Northwall, COO, sold 16,522 shares on August 21, 2024 (approx. $377,500).
Vladimir Novachki, CTO, sold 37,199 shares on August 21, 2024 (approx. $850,000).
Devin Nunes, CEO, sold 87,154 shares on August 21, 2024 (approx. $1,991,500).

Stock Performance

Share price at close on Tuesday, September 3, 2024: $18.08
Opening price on September 4, 2024: $17.90
Range on September 4, 2024: $16.99 – $18.23
52-week range: $14.32 (pre-merged trade) – $79.38
Market Capitalization: $3.405 billion
Earnings per share: <$0.42> per share
Total shares outstanding: 200.16 million shares

Top Institutional Holders

The top institutional holders of DJT shares are listed below. Those who purchased on June 29, 2024, have lost approximately 49% of their investment, although it is possible they hedged the purchase with put options or a similar strategy. Because DJT stock was added to the Russell 1000 and Russell 3000 index, several financial institutions were required to purchase shares for their Exchange Traded Funds (ETF).

Holder	Shares	Date Reported	% Out	Value
Vanguard Group Inc	2,879,880	Jun 29, 2024	1.44%	$48,900,361
Blackrock Inc.	2,184,153	Jun 29, 2024	1.09%	$37,086,916
Susquehanna International Group, LLP	1,055,344	Jun 29, 2024	0.53%	$17,919,740
Geode Capital Management, LLC	941,820	Jun 29, 2024	0.47%	$15,992,103
Citadel Advisors LLC	556,054	Jun 29, 2024	0.28%	$9,441,796
State Street Corporation	440,164	Jun 29, 2024	0.22%	$7,473,984
Greenwich Wealth Management LLC	353,500	Jun 29, 2024	0.18%	$6,002,429
Group One Trading, L.P.	340,043	Jun 29, 2024	0.17%	$5,773,929
Charles Schwab Investment Management, Inc.	265,871	Jun 29, 2024	0.13%	$4,514,489
Jane Street Group, LLC	264,249	Jun 29, 2024	0.13%	$4,486,947

Top Mutual Fund Holders

Holder	Shares	Date Reported	% Out	Value
Vanguard Small-Cap Index Fund	686,410	Jun 29, 2024	0.34%	$11,655 FAQs About DJT Stock Performance Here are the top 10 FAQs related to the recent decline in DJT stock performance: Q: What is DJT stock?A: DJT stock refers to the shares of Donald J. Trump, the former President of the United States, in his personal business ventures. Q: Why is DJT stock declining?A: DJT stock has been declining due to various factors, including negative market sentiment, legal issues, and financial mismanagement. Q: What are the legal issues affecting DJT stock?A: The legal issues include ongoing investigations and lawsuits related to Trump’s business practices, financial dealings, and potential conflicts of interest. Q: How does the market sentiment impact DJT stock?A: Negative market sentiment can significantly affect DJT stock, as investors often react to perceived risks or controversies surrounding the company. Q: What is the role of financial mismanagement in the decline of DJT stock?A: Financial mismanagement refers to poor financial decisions or practices that can lead to a decline in stock value. This includes issues like poor investment choices, high debt levels, and inefficient use of funds. Q: Are there any specific events that contributed to the recent decline?A: Recent events such as negative news coverage, regulatory actions, and public statements from Trump have all contributed to the decline in DJT stock. Q: How can investors protect themselves from losses in DJT stock?A: Investors can protect themselves by diversifying their portfolios, setting stop-loss orders, and regularly monitoring market conditions for any signs of further decline. Q: What is the impact on Trump’s personal finances?A: The decline in DJT stock can have a significant impact on Trump’s personal finances, potentially affecting his net worth and ability to secure future investments or loans. Q: Are there any potential long-term implications for DJT stock?A: The long-term implications for DJT stock are uncertain and depend on various factors, including how effectively Trump addresses the current issues and whether he can regain investor confidence. Q: Where can I find more information about DJT stock performance?A: You can find more information about DJT stock performance through financial news websites, stock market analysis platforms, and official statements from Trump’s business entities.

Holder

Date Reported

% Out

Value

Vanguard Small-Cap Index Fund

686,410

Jun 29, 2024

0.34%

$11,655

FAQs About DJT Stock Performance

Here are the top 10 FAQs related to the recent decline in DJT stock performance:

Q: What is DJT stock?A: DJT stock refers to the shares of Donald J. Trump, the former President of the United States, in his personal business ventures.
Q: Why is DJT stock declining?A: DJT stock has been declining due to various factors, including negative market sentiment, legal issues, and financial mismanagement.
Q: What are the legal issues affecting DJT stock?A: The legal issues include ongoing investigations and lawsuits related to Trump’s business practices, financial dealings, and potential conflicts of interest.
Q: How does the market sentiment impact DJT stock?A: Negative market sentiment can significantly affect DJT stock, as investors often react to perceived risks or controversies surrounding the company.
Q: What is the role of financial mismanagement in the decline of DJT stock?A: Financial mismanagement refers to poor financial decisions or practices that can lead to a decline in stock value. This includes issues like poor investment choices, high debt levels, and inefficient use of funds.
Q: Are there any specific events that contributed to the recent decline?A: Recent events such as negative news coverage, regulatory actions, and public statements from Trump have all contributed to the decline in DJT stock.
Q: How can investors protect themselves from losses in DJT stock?A: Investors can protect themselves by diversifying their portfolios, setting stop-loss orders, and regularly monitoring market conditions for any signs of further decline.
Q: What is the impact on Trump’s personal finances?A: The decline in DJT stock can have a significant impact on Trump’s personal finances, potentially affecting his net worth and ability to secure future investments or loans.
Q: Are there any potential long-term implications for DJT stock?A: The long-term implications for DJT stock are uncertain and depend on various factors, including how effectively Trump addresses the current issues and whether he can regain investor confidence.
Q: Where can I find more information about DJT stock performance?A: You can find more information about DJT stock performance through financial news websites, stock market analysis platforms, and official statements from Trump’s business entities.