Trade Desk Inc’s filing revealed that its President and CEO Green Jeffrey Terry unloaded Company’s shares for reported $6.55 million on Apr 04 ’24. In the deal valued at $87.29 per share,75,000 shares were sold. As a result of this transaction, Green Jeffrey Terry now holds 976,622 shares worth roughly $79.1 million.
Then, Green Jeffrey Terry sold 66,007 shares, generating $5,767,692 in total proceeds. Upon selling the shares at $87.38, the President and CEO now owns 1,051,622 shares.
Before that, Green Jeffrey Terry sold 75,000 shares. Trade Desk Inc shares valued at $6,406,500 were divested by the President and CEO at a price of $85.42 per share. As a result of the transaction, Green Jeffrey Terry now holds 1,117,629 shares, worth roughly $90.52 million.
BTIG Research reiterated its Trade Desk Inc [TTD] rating to a Buy in a research note published on February 23, 2024; the price target was $98. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in mid February with a ‘”a Neutral”‘ rating. Wells Fargo also remained covering TTD and reiterated its “an Overweight” recommendation on January 17, 2024. BMO Capital Markets started covering the stock on January 09, 2024. It rated TTD as “an Outperform”.
Price Performance Review of TTD
On Monday, Trade Desk Inc [NASDAQ:TTD] saw its stock fall -6.23% to $80.99. Over the last five days, the stock has lost -6.56%. Trade Desk Inc shares have risen nearly 12.55% since the year began. Nevertheless, the stocks have risen 32.06% over the past one year. While a 52-week high of $94.00 was reached on 02/16/24, a 52-week low of $59.36 was recorded on 01/17/24. SMA at 50 days reached $81.38, while 200 days put it at $77.23. A total of 3.83 million shares were traded, compared to the trading of 2.67 million shares in the previous session.
Levels Of Support And Resistance For TTD Stock
The 24-hour chart illustrates a support level at 78.92, which if violated will result in even more drops to 76.85. On the upside, there is a resistance level at 84.78. A further resistance level may holdings at 88.57. The Relative Strength Index (RSI) on the 14-day chart is 41.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.21%. Stochastics %K at 35.17% indicates the stock is a holding.
The most recent change occurred on December 18, 2023 when HSBC Securities began covering the stock and recommended ‘”a Buy”‘ rating .
