The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Trade Desk Inc shares valued at $5,375,807 were sold by Green Jeffrey Terry on Apr 30 ’24. At $84.08 per share, Green Jeffrey Terry sold 63,936 shares. The insider’s holdings dropped to 760,086 shares worth approximately $67.4 million following the completion of this transaction.
Also, Green Jeffrey Terry sold 75,000 shares, netting a total of over 6,335,331 in proceeds. Following the sale of shares at $84.47 each, the insider now holds 824,022 shares.
Before that, Green Jeffrey Terry had sold 75,000 shares from its account. In a trade valued at $6,384,750, the President and CEO traded Trade Desk Inc shares for $85.13 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $79.72 million.
As published in a research note from Jefferies on May 02, 2024, Trade Desk Inc [TTD] has been rated up from a Hold to a Buy and the price target has been revised to $105 from $95. Analysts at BTIG Research resumed the stock at ‘”a Buy”‘ outlook in a report released in late February. As of February 12, 2024, Seaport Research Partners has initiated its “Neutral” rating for TTD. Earlier on January 17, 2024, Wells Fargo resumed its rating. Their recommendation was “an Overweight” for TTD stock.
Analyzing TTD Stock Performance
During the last five days, there has been a surge of approximately 0.62%. Over the course of the year, Trade Desk Inc shares have jumped approximately 23.22%. 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 $84.00, while a 200-day SMA reached $77.41. Nevertheless, trading volume fell to 8.74 million shares from 4.95 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 86.36, which, if violated, would cause prices to drop to 84.05. In the upper region, resistance lies at 90.42. The next price resistance is at 92.17. RSI (Relative Strength Index) is 57.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.69, which suggests the price will increase in the coming days. Percent R is at 21.88%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
