On Friday, the stock price of Trump Media & Technology Group Corp. (NASDAQ: DJTWW) dropped by 6.1%, reaching a low of $23.56 and closing at $24.69. Despite this decline, trading volume for the day increased by 23% compared to the average daily volume, with approximately 329,472 shares changing hands.
Trump Media & Technology Group Corp. is a relatively new company founded in 2021 and headquartered in Sarasota, Florida. The company’s primary focus is on developing a social media platform called Truth Social that provides social networking services in the United States. To stay updated on news and ratings for Trump Media & Technology Group Corp., you can sign up to receive a daily email newsletter from MarketBeat.com.
Despite its recent decline in stock price, Trump Media & Technology Group Corp.’s 50-day moving average price remains relatively low at $21.64, indicating that investors may be hesitant to invest in the company at this time. However, it’s important to keep in mind that past performance is not indicative of future results and all investments carry some level of risk.