Trump Media & Technology Group Corp. (DJT) saw its stock price rise by 3.46% on December 26, 2024, closing at $37.03, up from the previous close of $35.79. The stock opened at $35.60 and reached a high of $37.30 during the trading session. The day's trading volume was notably low at 7,232,377 shares, just 17.64% of the average daily volume of 40,993,514. The upward movement in DJT's stock price was primarily driven by significant institutional interest, highlighted by State Street Corp's acquisition of 709,230 shares valued at approximately $11,397,000. This acquisition, along with other institutional investments, has bolstered investor confidence, with institutional ownership now at 4.29%.
Additionally, unusual options activity was detected, with 24 uncommon trades showing a bullish sentiment among big-money investors. This activity suggests that investors are anticipating potential positive developments for the company. The options trades included 16 calls and 8 puts, with a total trade value of $573,060 and $357,300, respectively. The recent institutional investments and options activity have contributed to the positive sentiment surrounding DJT, despite the low trading volume.