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Trump Media & Technology Group Corp. (DJT) Stock Could Soon Reward Patient Investors

Trump Media & Technology Group Corp. (NASDAQ: DJT) is 178.06% higher on its value in year-to-date trading and has touched a low of $12.40 and a high of $79.38 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DJT stock was last observed hovering at around $61.96 in the last trading session, with the day’s loss setting it -13.3%.

Currently trading at $48.66, the stock is 10.20% and 12.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.68 million and changing -21.47% at the moment leaves the stock 114.31% off its SMA200. DJT registered 271.73% gain for a year compared to 6-month gain of 197.80%. The firm has a 50-day simple moving average (SMA 50) of $1.53k and a 200-day simple moving average (SMA200) of -$4.72k.

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The stock witnessed a 18.22% loss in the last 1 month and extending the period to 3 months gives it a 174.45%, and is 31.73% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 28.37% over the week and 15.32% over the month.

Distance from 52-week low is 292.42% and -38.70% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.36%).

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Trump Media & Technology Group Corp. (DJT) Top Institutional Holders

143 institutions hold shares in Trump Media & Technology Group Corp. (DJT), with institutional investors hold 1.20% of the company’s shares. Institutions hold 1.19% of the Float.

The top institutional shareholder in the company is Susquehanna International Group, LLP with over 0.61 million shares valued at $10.6 million. The investor’s holdings represent 2.02% of the DJT Shares outstanding. As of Dec 30, 2023, the second largest holder is Atika Capital Management, LLC with 0.25 million shares valued at $4.37 million to account for 0.83% of the shares outstanding. The other top investors are ATW Spac Management LLC which holds 0.15 million shares representing 0.50% and valued at over $2.62 million, while Sapient Capital LLC holds 0.48% of the shares totaling 0.15 million with a market value of $2.55 million.

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