Trump Media & Technology Group Corp. (DJT) shares experienced a gap down in early trading on January 16, 2025. The stock opened at $42.26 but quickly fell to a low of $40.01. This decline follows a report that highlighted significant insider selling, with Director Eric Swider and CFO Phillip Juhan selling a combined total of 456,183 shares in November. These transactions, disclosed in recent SEC filings, have raised concerns among investors about the confidence of company insiders in the stock's future performance.
Despite the lack of new developments today, the stock's meme-like status continues to attract attention from retail traders. As of 10:01 am, DJT's stock price has decreased by 1.22% to $40.33, compared to the previous close of $40.83. The stock has seen a relatively low volume of 5,292,248 shares, representing just 14.75% of its average daily volume of 35,885,327 shares, indicating a slow start to the trading session.