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Potential Price Increase for Trade Desk Inc (TTD) After Recent Insider Activity

Trade Desk Inc’s recently made public that its President and CEO Green Jeffrey Terry unloaded Company’s shares for reported $5.38 million on Apr 30 ’24. In the deal valued at $84.08 per share,63,936 shares were sold. As a result of this transaction, Green Jeffrey Terry now holds 760,086 shares worth roughly $66.53 million.

Then, Green Jeffrey Terry sold 75,000 shares, generating $6,335,331 in total proceeds. Upon selling the shares at $84.47, the President and CEO now owns 824,022 shares.

Before that, Green Jeffrey Terry sold 75,000 shares. Trade Desk Inc shares valued at $6,384,750 were divested by the President and CEO at a price of $85.13 per share. As a result of the transaction, Green Jeffrey Terry now holds 899,022 shares, worth roughly $78.69 million.

Jefferies upgraded its Trade Desk Inc [TTD] rating to a Buy from a a Hold in a research note published on May 02, 2024; the price target was increased to $105 from $95. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late February has reiterated a ‘”a Buy”‘ rating for it. Seaport Research Partners began covering TTD with “Neutral” recommendation on February 12, 2024. Wells Fargo maintained its rating on January 17, 2024. It rated TTD as “an Overweight”.

Price Performance Review of TTD

On Monday, Trade Desk Inc [NASDAQ:TTD] saw its stock jump 0.31% to $87.53. Over the last five days, the stock has lost -4.19%. Trade Desk Inc shares have risen nearly 21.64% since the year began. Nevertheless, the stocks have risen 35.64% over the past one year. While a 52-week high of $94.00 was reached on 02/16/24, a 52-week low of $60.23 was recorded on 01/17/24. SMA at 50 days reached $84.11, while 200 days put it at $77.43. A total of 2.66 million shares were traded, compared to the trading of 4.29 million shares in the previous session.

Levels Of Support And Resistance For TTD Stock

The 24-hour chart illustrates a support level at 86.89, which if violated will result in even more drops to 86.26. On the upside, there is a resistance level at 88.75. A further resistance level may holdings at 89.97. The Relative Strength Index (RSI) on the 14-day chart is 54.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.08%. Stochastics %K at 68.85% indicates the stock is a holding.

The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $88 price target.

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