Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trade Desk Inc shares valued at $6,406,500 were sold by Green Jeffrey Terry on Mar 25 ’24. At $85.42 per share, Green Jeffrey Terry sold 75,000 shares. The insider’s holdings dropped to 1,117,629 shares worth approximately $94.51 million following the completion of this transaction.
Also, Green Jeffrey Terry sold 75,000 shares, netting a total of over 6,354,750 in proceeds. Following the sale of shares at $84.73 each, the insider now holds 1,192,629 shares.
Before that, Green Jeffrey Terry had sold 75,000 shares from its account. In a trade valued at $6,358,500, the President and CEO traded Trade Desk Inc shares for $84.78 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $107.19 million.
As published in a research note from BTIG Research on February 23, 2024, Trade Desk Inc [TTD] has been retained to a Buy and the price target has been revised to $98. Analysts at Seaport Research Partners started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid February. As of January 17, 2024, Wells Fargo has reiterated its “an Overweight” rating for TTD. Earlier on January 09, 2024, BMO Capital Markets initiated its rating. Their recommendation was “an Outperform” for TTD stock.
Analyzing TTD Stock Performance
During the last five days, there has been a drop of approximately -3.04%. Over the course of the year, Trade Desk Inc shares have jumped approximately 17.51%. Shares of the company reached a 52-week high of $94.00 on 02/16/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $79.03, while a 200-day SMA reached $76.90. Nevertheless, trading volume fell to 3.23 million shares from 2.13 million shares the previous day.
Support And Resistance Levels for Trade Desk Inc (TTD)
According to the 24-hour chart, there is a support level at 83.32, which, if violated, would cause prices to drop to 82.09. In the upper region, resistance lies at 86.99. The next price resistance is at 89.43. RSI (Relative Strength Index) is 54.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 39.52%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Trade Desk Inc subject to short interest?
Stocks of Trade Desk Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -2.8 million shares to 10.16 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 12.96 million shares. A decline of -27.56% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.71 of the overall float, the days-to-cover ratio (short ratio) decline to 1.71.
