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Selling Buzz: Trade Desk Inc [TTD] Chief Financial Officer Schenkein Laura sells 43,705 shares of the company

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 $4,168,667 were sold by Schenkein Laura on Jun 14 ’24. At $95.38 per share, Schenkein Laura sold 43,705 shares. The insider’s holdings dropped to 703,038 shares worth approximately $68.39 million following the completion of this transaction.

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Also, Green Jeffrey Terry sold 63,936 shares, netting a total of over 5,375,807 in proceeds. Following the sale of shares at $84.08 each, the insider now holds 760,086 shares.

Before that, Green Jeffrey Terry had sold 75,000 shares from its account. In a trade valued at $6,335,331, the President and CEO traded Trade Desk Inc shares for $84.47 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $80.16 million.

As published in their initiating research note from Wedbush on June 17, 2024, Trade Desk Inc [TTD] has been an Outperform and the price target has been revised to $110. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early May. As of February 23, 2024, BTIG Research has reiterated its “Buy” rating for TTD. Earlier on February 12, 2024, Seaport Research Partners initiated its rating. Their recommendation was “a Neutral” for TTD stock.

Analyzing TTD Stock Performance

During the last five days, there has been a drop of approximately -0.18%. Over the course of the year, Trade Desk Inc shares have jumped approximately 35.19%. Shares of the company reached a 52-week high of $99.54 on 06/18/24 and a 52-week low of $61.47 on 01/17/24. A 50-day SMA is recorded $89.88, while a 200-day SMA reached $79.40. Nevertheless, trading volume fell to 2.91 million shares from 2.78 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 96.19, which, if violated, would cause prices to drop to 95.11. In the upper region, resistance lies at 98.77. The next price resistance is at 100.27. RSI (Relative Strength Index) is 57.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.57, which suggests the price will increase in the coming days. Percent R is at 25.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

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