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Wolfe Research initates Trade Desk Inc (TTD) stock to an Outperform

Trade Desk Inc’s filing revealed that its Director Rajaram Gokul unloaded Company’s shares for reported $0.13 million on Jul 22 ’24. In the deal valued at $98.37 per share,1,355 shares were sold. As a result of this transaction, Rajaram Gokul now holds 32,701 shares worth roughly $3.25 million.

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Then, Schenkein Laura sold 25,000 shares, generating $2,510,750 in total proceeds. Upon selling the shares at $100.43, the Chief Financial Officer now owns 703,038 shares.

Before that, GRANT JAY R sold 141,434 shares. Trade Desk Inc shares valued at $13,778,463 were divested by the Chief Legal Officer at a price of $97.42 per share. As a result of the transaction, GRANT JAY R now holds 188,236 shares, worth roughly $18.69 million.

Wolfe Research initiated its Trade Desk Inc [TTD] rating to an Outperform in a research note published on July 16, 2024; the price target was $115. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Outperform”‘ rating for it. Wedbush began covering TTD with “an Outperform” recommendation on June 17, 2024. Jefferies revised its rating on May 02, 2024. It rated TTD as “a Buy” which previously was an “a Hold”.

Price Performance Review of TTD

On Friday, Trade Desk Inc [NASDAQ:TTD] saw its stock jump 12.50% to $99.30. Over the last five days, the stock has gained 19.52%. Trade Desk Inc shares have risen nearly 37.99% since the year began. Nevertheless, the stocks have risen 22.70% over the past one year. While a 52-week high of $102.67 was reached on 07/10/24, a 52-week low of $60.23 was recorded on 01/17/24. SMA at 50 days reached $95.10, while 200 days put it at $82.00. A total of 13.25 million shares were traded, compared to the trading of 6.06 million shares in the previous session.

Levels Of Support And Resistance For TTD Stock

The 24-hour chart illustrates a support level at 93.02, which if violated will result in even more drops to 86.73. On the upside, there is a resistance level at 102.57. A further resistance level may holdings at 105.83. The Relative Strength Index (RSI) on the 14-day chart is 60.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.22%. Stochastics%K at 54.26% indicates the stock is a holding.

The most recent change occurred on February 23, 2024 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $98.

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